Rand Heads for Six-Week Low as Gordhan Summons Puts Job at Risk

Updated on
  • SocGen: 80% chance S&P will downgrade South Africa to junk
  • Nedbank doesn’t see rand ‘blowing out’ to January’s levels

The rand weakened for a second day, heading for the lowest in almost six weeks amid renewed concerns that South African Finance Minister Pravin Gordhan’s job is on the line.

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