South Africa's rand firmed on Friday after President Cyril Ramaphosa said his government would launch a second wave of reforms to try to boost economic growth. At 1531 GMT, the rand traded at 18.37 against the U.

South African President Cyril Ramaphosa spoke with Elon Musk a day after U.S. President Donald Trump promised to cut the country's funding over a land expropriation law

South African President Cyril Ramaphosa appeared to respond to threats from U_S_ counterpart Donald Trump by saying in his annual speech to the nation that his country would “not be bullied.”