The South African rand jumped on Monday as markets waited for U.S. President-elect Donald Trump's policy announcements for clarity on his administration's fiscal stance. At 1430 GMT the rand traded at 18.

South Africa's police have launched a manhunt for an alleged "kingpin", who is accused of controlling operations at an abandoned gold mine where 78 corpses were discovered last week. The police force said officials had helped James Neo Tshoaeli, a Lesotho national also known as Tiger, to escape after he was pulled up from the mine in Stilfontein.

South African President Cyril Ramaphosa is facing calls to order a national inquiry into a police operation that was meant to combat illegal mining but ended up leaving 87 miners to die underground as authorities attempted to force them to surrender during a monthslong standoff.

A suspected gang leader known as "Tiger" escaped with the help of South African police after being pulled from an illegal gold mine last week where at least 78 miners died, the police said on Monday.

South African police say a suspected illegal gold mining ringleader escaped from custody with help from police officers about a week after resurfacing from a disused mine in South Africa where 246 survivors were rescued and 78 bodies were retrieved