Local equities and the rand plummeted on Thursday as local investors digested news that SA’s political and economic prospects are in jeopardy. Also read: Ramaphosa’s “resignation” set to rock South Africa The rand fell by nearly 4% to R17.64/$, while the yield on the local ten-year government bond spiked 91 basis points to 11.71%, an 8% crash, and some local banks … Continue reading Update: SA’s assets plummet amid rumours of Ramaphosa’s exit