Reuters reporting

  • new SA fin min Pravin Gordhan to speak to media at 11.00 GMT
  • SA ruling ANC party calls appointment of Gordhan as an "explicit demonstration of a responsive accountable govt"

No panic involved then after the Rand tumbled last week ?

USDZAR down 5% at 15.0860. Govt bonds have recovered with yield on 2026 issue down 103 bps to 9.35%