Rand Posts Worst Week Since May as Gordhan Doubts Persist

Updated on
  • Bonds heading for biggest weekly decline since December
  • President Zuma says can’t stop probe of Finance Minister

South African Rand Set for Worst Week Since Feb.

South Africa’s rand had its biggest weekly drop since May and benchmark government debt slumped he most this year on concern Finance Minster Pravin Gordhan’s job is on the line amid speculation of a deepening rift between him and President Jacob Zuma.

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