Rand Set for Worst Week Since Nene Fired as Gordhan Probe Widens

  • President Zuma says supports Gordhan, won’t stop investigation
  • Rand is worst emerging-market currency to dollar this week

South Africa’s rand headed for the biggest weekly drop since December against the dollar as a statement of support by President Jacob Zuma failed to ease investor concern that Finance Minister Pravin Gordhan may be replaced.

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