News24 | Rand sees biggest drop since late May on wait for Cabinet picks
![](https://cdn.24.co.za/files/Cms/General/d/11906/8ee32ea120fd4dca96a51c9c7f05395b.jpg)
The rand staged its biggest drop in nearly a month as investors awaited an announcement by President Cyril Ramaphosa about who would be appointed in a new cabinet after agreeing to form a broad coalition with opposition parties.