UPDATE 1-South Africa's rand firms slightly, stocks gain


- af.reuters.com | 2 months ago

3:49 PM / Updated 35 minutes agoUPDATE 1-South Africa's rand firms slightly, stocks gain2 Min Read* Bumpy trade for rand as investors wait for new cabinet * Stocks strengthen (Adds latest prices, analyst comments, stocks) JOHANNESBURG, May 16 (Reuters) - South Africa’s rand firmed modestly and stocks rose on Thursday, shaking off worries about local growth and trade tensions abroad as investors bet on economic reform with President Cyril Ramaphosa preparing to name a new cabinet.

At 1430 GMT, the rand was 0. 1 percent firmer at 14.

2000 per dollar, following a soft start that saw the currency well above 14.

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