View Single Post
  #35 (permalink)  
Old 30-11-2016, 12:30 AM
Option_Banque Option_Banque is offline
Veteran
 
Join Date: Jul 2015
Posts: 1,148
Thanks: 0
Thanked 18 Times in 18 Posts
Option_Banque is on a distinguished road
Default

SA President Zuma Survives Impeachment Vote, Rand Collapses

The South African Rand dropped more than 2.4% on Tuesday, paring all of its gains versus the U.S. dollar yesterday after a local newspaper reported that scandal-tinged President Jacob Zuma had survived a ruling party vote to remove him.

The pair USDZAR turned lower last week as the Rand was supported by news that that a good portion of the ANC’s leadership want a new leader for the country. Zuma’s presidency has been plagued by accusations of corruption and other scandals.

Before having been accused of allowing members of the prominent Gupta family to influence cabinet appointments, Zuma has had to take out a home loan to repay 7.8 million rand (405,146) of state money which had been spent on non-security, lavish improvements to his private residence.

Market analysts predicted more rand weakness as South Africa’s credit rating may be downgraded.

Trade suggestion
Buy Digital Call Option from 14.04400 to 14.20000 valid until 20:00 GMT November 29, 2016

Start Trading Binary Options on Indices, Commodities And Hundreds of Other Markets With Option Banque Now!
__________________
Become A Part Of Option Banque and benefit from the best offerings in the industry including Huge Tradeable Bonuses, Risk Free Trades, Account Insurance Against Losses, Cash Backs, Auto Trader, Social Trading and a lot more.

Up for the profit? So what are you waiting for? Get in touch with us today and let's get you on your way to profit.
Reply With Quote