As at 22:24 on Thursday, the rand firmed upto R13.40/$ following Zuma's SONA after reacting sharply on scuffles inside and outside the National Assembly.
Novare’s economic strategist, Tumisho Grater said all in all, although the pandemonium that unfolded earlier during the address was not favourable, SONA 2017 was pretty much in line with expectations as ratings agencies and investors are not just observing a single event, but a collective view of developments regarding where the country is headed.
Grater said the next big event on the calendar is the national budget speech, which will also form part of the bigger picture.
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