South Africa's Rand Rallies as Investors Sniff Zuma's `Decline'

  • Deputy Finance Minister's statement undermining president
  • Dollar bonds pare losses as pressure mounts for Zuma's recall

The rand rallied after South Africa’s Deputy Finance Minister Mcebisi Jonas said President Jacob Zuma’s family friends, the Guptas, personally offered to have him appointed as finance minister, an allegation that may undermine the president’s power.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.