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 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.”

South Africa “will not be bullied” by President Donald Trump, the leader of the nation declared in a national speech. President Cyril Ramaphosa acknowledged the United States government’s newfound hostility to South Africa’s domestic policies on Thursday during his State of the Union address — stating that his government and people will not buckle under