Rand drops in wake of cabinet reshuffle #CabinetReshuffle


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.



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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