Market News
South African rand recovers some ground with coalition's future the focus - REUTERS
JOHANNESBURG, April 8 (Reuters) - South Africa's rand strengthened in early trade on Tuesday, recovering some of the ground it lost a day earlier, with the future of the country's multi-party government the main focus.
At 0706 GMT, the rand traded at 19.44 against the dollar , 1% firmer on the day after falling about 2.7% on Monday.
The two biggest political parties in the ruling coalition, the African National Congress (ANC) and Democratic Alliance (DA), held meetings of their senior officials on Monday to discuss the way forward after disagreements over the budget.
