Experimental feature

Listen to this article

00:00
00:00
Experimental feature
or

South Africa’s currency came under heavy selling pressure late on Thursday in New York as President Jacob Zuma shook up his cabinet in a move that was expected to include the dismissal of Pravin Gordhan as finance minister.

The rand was down 1.8 per cent at the 5pm fix, and fell another 0.2 per cent in recent trading to ZAR13.30. The currency has gyrated since Mr Zuma abruptly recalled Mr Gordhan from an investors roadshow.

Copyright The Financial Times Limited 2017. All rights reserved.
myFT

Follow the topics mentioned in this article

Follow the authors of this article

Comments have not been enabled for this article.