Left Out of Bond Rally, South Africa Rues the Gordhan Factor

  • Debt is biggest loser this month out of 31 emerging-markets
  • Rand set for 19 per dollar if Gordhan removed, Investec says

South African Rand Caught in Turmoil of Split ANC

In a month when a record wave of funds headed to emerging markets, South African bonds managed to lose money for foreign investors. 

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