JOHANNESBURG (Reuters) – South Africa’s rand extended its gains against dollar on Friday to hit a five-month high after a court ruled that a 2009 decision to drop 783 corruption charges against President Jacob Zuma was irrational and should be reviewed.
The rand hit a high of 14.1650 per dollar at 1003 GMT, its firmest level since November 26 according to Thomson Reuters data.
“The currency seems exceptionally sensitive to the political situation. We have seen that broad reaction in December with the change of the finance ministers, we saw that reaction which was swift,” Global Trader head of trading Nilan Morar said.
The fallout of Ja Rule’s infamously ill-fated music event, Fyre Festival, has taken another unexpected turn. Fyre Media, the company which organised the Bahamas festival, is allegedly under investigation by the Federal Bureau of Investigation […]
SUNGURA virtuoso, Nicholas Zakaria has embarked on a promotional tour outside Harare to market his newly-released album, “Takakomborerwa” which features his understudies, Alick Macheso and Zakaria Zakaria. This will be the first time the veteran […]
R‘n’b/Pop singer Vanessa “Queen Vee” Sibanda seems smitten with the dancehall flare as another new single featuring local chanter Freeman is set for release soon. By Kennedy Nyavaya Titled Stress Free, the track was produced […]