Zuma Makes U-Turn on Finance Chief, Triggering Rand Rebound

  • Gordhan will stick to spending ceiling in budget, Zuma says
  • Markets will welcome news, Standard Chartered's Khan Says

Zuma's U-Turn on Finance Minister Shifts Rand

South African President Jacob Zuma named his second finance minister in four days after criticism from business groups and his own party, sparking a rebound in the rand and bonds.

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