The Traderszone Network

Published in TZ Latest News 28 May, 2017 by The TZ Newswire Staff

Rand Spikes To 2-Month Highs As South Africa’s Zuma Survives Attempted Ouster

The South African Rand is spiking to 2-month highs in early AsiaPac trading after President Jacob Zuma reportedly survives a bid by members of ruling African Nation Congress’s national executive committee to oust him, according to two members of panel who declined to be named because they aren’t authorized to speak on the matter. Bloomberg reports that the Zuma ouster wasn’t put to vote and the ANC isto hold press conference on Monday.

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