Daily Morning Call

From the Floor: ZAR in focus on Ramaphosa win — #SaxoStrats

290 views
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
   • 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