Tito Mboweni's the rod to straighten Cyril Ramaphosa's back

28 October 2018 - 00:00

Trevor Manuel was right. The markets are amorphous. After new finance minister Tito Mboweni's first medium-term budget policy statement on Wednesday the rand fell sharply and the yield on South African government bonds maturing in 2026 rose to almost the highest level in a year, at 9.31%.

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