Archive · Business Recorder
South African rand slips on stronger dollar, local election vote count advances
JOHANNESBURG: The South African rand weakened against a firmer dollar on Friday as the vote count in this week’s municipal elections progressed, with results so far pointing to a further slide in support for the African National Congress. At 0655 GMT, the rand traded at 16.5275 against the U.S. currency , down 0.3% on its previous close. With 72% of votes counted, the ANC had secured about 32% of the vote, down from 46% at the last municipal elections in 2021. Its nearest rival the pro-business Democratic Alliance was on about 24% of the vote, electoral commission data showed. Bureau ...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →