South Africa’s Rand Gains on Zuma Ouster Prospects, Debt Ratings

Updated on
  • Three ministers reportedly asked president to step down
  • Country escaped ratings downgrades, S&P assessment due Dec. 2

Zuma Survives Bid by Top Party Officials to Oust Him

The rand strengthened the most in almost a month, leading global gains against the dollar, after senior members of the ruling party called for South African President Jacob Zuma to step down and the country avoided a downgrade from two ratings companies.

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