Daily Morning Call
From the Floor: ZAR in focus on Ramaphosa win — #SaxoStrats
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Union leader Cyril Ramaphosa was elected leader of the African national Congress Monday, clearing a path to the presidency for 2019. The ZAR dipped in the wake of the win, as the reform-minded candidate's victory had largely been priced in, but further volatility is likely. Twitter shares, meanwhile, spiked on takeover speculation.
• Ramaphosa elected ANC leader with 52% of the vote
• Ramaphosa elected ANC leader with 52% of the vote
• Victory priced in but more rand volatility likely
• Twitter shares spike on takeover speculation
• Strong equities sentiment continues in Asia
• EPS expectations expanding for the first time since 2010