Thin Veneer of Calm Reigns for South Africa's Rand Before Vote
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Traders in South Africa’s rand seem to be holding their nerve a month before general elections. Their confidence may be misplaced, measures of volatility suggest.
While most polls are predicting a comfortable win for the ruling African National Congress under President Cyril Ramaphosa’s leadership, even with a strong mandate, he’ll face difficulties in introducing reforms to stimulate the economy, consolidate spending and reduce corruption.