The South African rand extended losses early on Tuesday on concerns over future challenges for the government of national unity (GNU) and after trading turbulently on Monday following the announcement of President Cyril Ramaphosa’s cabinet. At 0641 GMT, the rand traded at 18.44 against the dollar , almost 0.5% weaker than its previous close. The dollar was up around 0.09% against a basket of global currencies. “The rand is trading weaker… this morning on what seems to be a ‘buy the rumour, sell the fact’ move,” Andre Cilliers, currency strategist at TreasuryONE, said. “The GNU remains a fragile agreement and ... (full story)