The South African rand strengthened on Tuesday as analysts speculated the weekend's aborted mutiny in Russia may mean President Vladimir Putin could skip BRICS summit where South Africa would in theory be obliged to arrest him.
The BRICS group of emerging economies, comprising Brazil, Russia, India, China and South Africa, is due to hold a summit in Johannesburg in August.
South Africa-based financial experts on Tuesday questioned whether Putin would now want to attend the Johannesburg summit after theby Russian mercenary chief Yevgeny Prigozhin on Saturday that appeared to reveal cracks in the chief's grip on power. Also supporting the rand was a softer dollar on global markets and less-intense power cuts by state utility Eskom, after an improvement in its generation capacity.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S.African rand gains as Russia mutiny may prompt Putin to skip BRICS summitThe South African rand strengthened on Tuesday as analysts speculated the weekend's aborted mutiny in Russia may mean President Vladimir Putin could skip BRICS summit where South Africa would in theory be obliged to arrest him.
Read more »
Mercenary mutiny and Macron: Kremlin fortress now beats Brics outing for Putin | The CitizenCool by the Kremlin Pool? Although no official statement has been released, Russian leader Vladimir Putin will reportedly NOT attend the Brics summit. 📢 VladimirPutin Brics AfricanPeaceMission Wagner Read more on TheCitizenNews 👇
Read more »
LEONID BERSHIDSKY: Putin left exposed at end of coup bid Putin has been left exposedThe lack of popular indignation over a revolt during an enemy counteroffensive shows that Russia’s heart isn’t with Putin and his war against Ukraine
Read more »
'An Unbelievable South African' | Soccer LadumaIt’s no coincidence at all that Clive Barker drew his last breath on a Saturday, a day that is associated with football matches the world over, for he was a football man through and through. SLSiya Read more:
Read more »
Nick Hedley | How the DMRE helped wreck the South African economy | BusinessOPINION | Microgrids could become an important tool in South Africa's efforts to restore energy security, considering that we're fast running out of available grid capacity, writes nickhedley.
Read more »
South African rand firms as investors assess Russia impactThe South African rand was slightly stronger in early trade on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia.
Read more »