Rand Plunges as Zuma Fires Finance Minister in Shock MoveBy and
Nene will be replaced by David Van Rooyen, a lawmaker
Cabinet shakeup may further erode confidence in economy
South African President Jacob Zuma fired Finance Minister Nhlanhla Nene in a shock move and replaced him with a little-known lawmaker, triggering the rand’s biggest decline in more than four years.
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