S. African Rand Heads for Month-Low as Gordhan Probe Deepens

  • President Zuma says supports Gordhan, won’t stop investigation
  • Rand leads global currency losses as political risk increases

South Africa’s rand weakened to a one-month low against the dollar, erasing an earlier gain, as a statement of support by President Jacob Zuma failed to allay investor concern that Finance Minister Pravin Gordhan may be replaced.

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