The chart of the day is the Rand which plunged in reaction to the recommendation of the Public Protector, Busisiwe Mkhwabane, today.
Mkhwabane has found that ABSA must give back more than a billion rand after benefiting from apartheid era bailouts. The rand seems even more rattled by her observations on the South African Reserve Bank. She’s called for constitutional changes to force the central bank to promote economic growth rather than price stability.
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Categorised in: Breaking News