President of south africas anc. He has been elected president of the anc. President ofuty the anc. He beat the chairwoman of the African Union commission and also the former wife of the former president. We know that he got 2440 votes. We are now seeing the rand react. We saw the rand gaining ground on up to fit optimism that he would be elected, gaining 3. 8 at the moment. Bonds are lower as well. Orot of buying on optimism the hope that it would be a change and be better for the south african economy. Julie hyman is with us. We are halfway through the trading day. Wanted to mention what is going on with the rand. Some interesting reaction surrounding the election. You see the decline in the dollar versus the rand. Ago, the other candidate in the election had asked for a recount but it looks like that happened or that was not judged to be necessary. If we have seen a recount or some kind of question, that could have disrupted this rally we are seeing in the rent. In the rand. Intact.
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