south african rand steady as investors watch ramaphosas revived farmgate impeachment process

Political uncertainty from Ramaphosa's Farmgate scandal creates mild risk-off sentiment for South African assets, but rand and bond markets show resilience. The expected rise in mining output (4.1% MoM) is a positive signal for the mining sector. Impact is country-specific (South Africa). Commercial mechanism is weak: political event with no direct supply/demand shock; mining data is forecast but not yet released.