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South African currency plunges after Jacob Zuma fires finance minister in cabinet purge -

South Africa's currency plummeted on Friday after President Jacob Zuma fired his finance minister in a Cabinet reshuffle that spooked investors and raised concerns about the management of the country's economy. Mr Zuma, 74, who has been under pressure ...and more »

South Africa is on edge after the president fired his finance minister and uprooted 19 others - Quartz

South African president Jacob Zuma has finally fired the much respected finance minister and shuffled 20 ministers and deputy ministers into new roles. In a statement around midnight local time on Mar. 31, Zuma said his decision was guided by a desire ...and more »

Rand, banks and bonds hit as Zuma fires Gordhan - Financial Times

South African president Jacob Zuma's dismissal of his well-regarded finance minister Pravin Gordhan triggered a sharp market reaction on Friday as bond yields jumped and bank shares declined. The rand was on course for its worst week since 2015, down ...and more »

Charts show how South Africa's rand falls every time the president battles his finance minister - Quartz

Just as it seemed South Africa's battered currency was regaining strength, the country's political uncertainty is once again eroding investor confidence. Earlier this month, the rand was hailed as one of the best-performing currencies in the world ...and more »

South Africa leaders divided after President Zuma sacks Gordhan - BBC News

South Africa's Deputy President Cyril Ramaphosa has described the sacking of Finance Minister Pravin Gordhan as "totally unacceptable". His late night dismissal on Thursday led to a 5% plunge in the value of the currency, the rand. Mr Gordhan was seen ...and more »

South African president Jacob Zuma 'may step down early' in 2018 - The Guardian

Zuma could go 12 months before his term expires under deal with ANC opponents involving exit of finance minister Pravin Gordhan. Reuters. Thu 30 Mar 2017 12.51 EDT Last modified on Mon 27 Nov 2017 21.50 EST. Share on Facebook · Share on Twitter ...and more »

South Africa's president sacks the finance minister in a cabinet reshuffle - The Economist

JACOB ZUMA waited until the dead of night to tell South Africans that he had fired their respected finance minister. Rumours of a cabinet reshuffle had been swirling for months. Finally, in a press statement released just after midnight, President Zuma ...and more »

Zuma fires Gordhan as Treasury chief as he reshuffles cabinet - Financial Times

President Jacob Zuma has dismissed Pravin Gordhan as his finance minister, threatening further turmoil for South Africa's fragile economy and setting the stage for the biggest crisis yet for the ruling African National Congress under his leadership. Mr ...and more »

#Zumicon: Gordhan and others fired, Zuma cabinet full of Gupta “associates” - BizNews

There is every chance that President Jacob Zuma has finally gone too far. The deeply flawed leader of South Africa's ruling ANC has blown off the advice of party's stalwarts, half the Top Six, innumerable political and economic analysts, international ...and more »

Zuma has good reason to fire Gordhan -

The odd thing about President Jacob Zuma's latest effort to fire Finance Minister Pravin Gordhan is that he has a good reason for it. His relationship with the minister has irretrievably broken down. That is far more of a reason than he ever gave us ...and more »