Mini budget in a nutshell: Rand cheers Godongwana’s maiden MTBPS
The rand rallied on some positive notes in Finance Minister Enoch Godongwana’s inaugural Medium-Term Budget Policy Statement, trading at R15.20 from around R15.35 before the address started. The unit was last trading at R15.25/$, still more than 1% higher from it’s overnight close in New York. Here are some key take-aways as supplied by TreasuryONE: …
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