The discord between the African National Congress (ANC) and the Democratic Alliance (DA) on the assignment of cabinet posts reportedly caused a sharp drop in the South African rand’s value on Thursday. Also read: Ramaphosa’s letter accuses Steenhuisen of shifting goalposts The rand traded at 18.48 against the dollar at 3:27 GMT, 1.7% weaker than its previous close. Media reports … Continue reading South African rand slides amid ANC-DA rift over cabinet posts