Rand leaps as parliament approves power generation plan
JOHANNESBURG – Parliament has approved the promulgation of South Africa’s long-overdue plan for electricity generation until 2030.
This saw the rand rally against major currencies, gaining over 0.9%.
Bianca Botes a Treasury Partner at Peregrine Treasury Solutions, said, “
The news comes as a great relief after months of uncertainty, in the midst of yet another round of load shedding implemented by Eskom on Wednesday, which is expected to last well into next week.”
The news comes as a great relief after months of uncertainty, in the midst of yet another round of load shedding implemented by Eskom on Wednesday, which is expected to last well into next week.”
Source: iol.co.za