South Africa's rand steady, markets digest cabinet news

af.reuters.com

- af.reuters.com | 10 months ago

6:47 AM / Updated 4 hours agoSouth Africa's rand steady, markets digest cabinet news2 Min ReadJOHANNESBURG, May 30 (Reuters) - South Africa’s rand steadied in early trade on Thursday, as markets digested President Cyril Ramaphosa’s new, leaner cabinet that retained familiar faces in key positions including Tito Mboweni as finance minister.

At 0635 GMT, the rand traded at 14. 6650 per dollar, not far off its New York close of 14.

600 on Wednesday.

read full story @af.reuters.com