Zuma Survives Bid by Top Party Officials to Oust Him

The African National Congress (ANC) held a press conference to discuss their decision not to oust President Jacob Zuma, highlighting internal party tensions. The Rand experienced fluctuations due to political instability and potential downgrades by ratings agencies like S&P, Fitch, and Moody's. The political turmoil is a significant concern for South Africa's economic stability, with potential impacts on the country's credit rating. Analysts predict continued volatility in the currency market, influenced by inflation and investor sentiment.

What was the main topic of discussion at the ANC press conference?

• The election of a new president

• The decision to oust President Jacob Zuma

• Tourism development strategies

• Economic policies of the ANC

Which rating agencies were mentioned in relation to South Africa's economic assessment?

• Standard & Poor's and Fitch

• All of the above

• Fitch and Moody's

• Moody's and Standard & Poor's

What was the impact of political turmoil on South Africa's economic outlook?

• It had no impact on the economy

• It led to a stable economic environment

• It caused concerns about a potential downgrade

• It improved investor confidence

What was the inflation rate mentioned in the context of South Africa's currency outlook?

• 5.2%

• 6.3%

• 7.1%

• 4.8%

What was a contributing factor to the Rand's recent rally and decline?

• Political instability

• Strong economic growth

• Investor confidence

• Stable political environment