South African rand strengthens as markets await Ramaphosa State of the Nation speech
The South African rand edged higher today as investors look to President Cyril Ramaphosa for economic guidance. While mining output rose, water crises persist.
Insights:
The South African rand edged higher on Thursday as investors awaited President Cyril Ramaphosa's State of the Nation address, which is scheduled for 1700 GMT on February 12, 2026. This national-level political speech is a focal, near-term event for market participants assessing the economic and political outlook of South Africa 
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