Rand strength­ens af­ter Democrats take con­trol of House

Weekend Argus (Sunday Edition) - - METRO - (ANA) Busi­ness Re­port Africa News Agency

THE rand and JSE last week cheered the news that the Democrats had wrested con­trol of the US House of Rep­re­sen­ta­tives from Donald Trump’s Repub­li­can Party, in a move that might cur­tail the pres­i­dent’s trade and tar­iffs agenda. The lo­cal cur­rency breached the R14 mark against the US dol­lar for the first time since Au­gust.

The US midterm elec­tion results saw the dol­lar come un­der pressure af­ter the Democrats won the House for the first time in eight years. The results were also in­ter­preted as US dis­sat­is­fac­tion with lead­er­ship un­der Trump. |

Mat­ters came to a head af­ter Nd­lozi sug­gested that min­is­ters use cell­phones with­out cam­eras and avoid record­ing them­selves.

Re­act­ing, Gi­gaba lifted his pinkie, sug­gest­ing his pe­nis was big­ger than Nd­lozi’s. |

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