- Cameroun: au moins 79 élèves enlevés dans le nord-ouest
- Tunisie: une femme se fait exploser à Tunis
- Gabon: Anonymous s’en prend au gouvernement
- Cameroun: Paul Biya réélu
- Presidential election in Cameroon:
- Cameroun: élection présidentielle sous tension
- Burkina Faso: 3 personnes enlevées et 3 gendarmes tués
- How Djibouti like Zambia is about to loose its port to China
- L’Afrique présente au 3è forum de coopération entre la Chine et le continent
- Mali: IBK rempile pour un second mandat
South African rand vulnerable to local politics
South Africa’s rand weakened against the dollar on Monday and remained vulnerable to domestic political uncertainty as President Jacob Zuma faced calls to resign after a court ruling last week that he failed to uphold the constitution.
Stocks rose as investors bought high yielding assets after Friday’s U.S. strong jobs data suggested that the Federal Reserve could, for now, hold back on raising interest rates.
The rand climbed to 14.6050 late on Friday, its strongest since early December, on speculation President Jacob Zuma might quit over the fallout after the court ruling.
The ANC held crisis talks on Monday to discuss the fallout from the court ruling, with parliament scheduled to debate a motion to impeach Zuma on Tuesday afternoon.
In fixed income, the yield for the benchmark instrument due in 2026 was flat at 9.145 percent.
Among the gainers were banks and retailers. Capitec Bank was up 3.51 percent at 593.20 rand, while Shoprite gained 1.64 percent to 177 rand.
