The South African rand weakened in volatile trade on Tuesday as comments from the two biggest parties in the unity government suggested a cabinet announcement by President Cyril Ramaphosa was drawing nearer. The currency was about 0.3% weaker at 18.16 to the dollar USDZAR by 1220 GMT, adding to losses a day earlier . Financial markets have been on tenterhooks over how Ramaphosa's new cabinet will look, as it will give a good indication of how the African National Congress party intends to share power with its largest rival, the Democratic Alliance. In total 10 political parties signed up to the unity government after the ANC lost its parliamentary majority in an election last month for the first time since the end of apartheid three decades ago. Asked whether a cabinet announcement was imminent, a senior member of the DA's negotiating team, Helen Zille, told Reuters on Tuesday: "I think you could hear something in the next 24 hours." An ANC spokesperson said the p...
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