Rand drops in wake of cabinet reshuffle #CabinetReshuffle

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The rand  weakened against the dollar, following reports of a cabinet reshuffle on Thursday night

By 10:30pm, the currency had dropped to around R13.25, after trading at R12.80 earlier in the evening.

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Markets were under pressure from Monday after Zuma ordered Gordhan to abandon an investor roadshow in Britain and fly home.

Economist Dawie Roodt says South Africa has been paying a significant price because of the recent political uncertainty.

 

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