Zuma’s move against Gordhan adds R2.6bn to government debt

The rand was hovering around R13/$ on Wednesday morning as the market waited to see how the drama between President Jacob Zuma and Finance Minister Pravin Gordhan would play out. Much coverage has been devoted to the rand’s swing from R12.32/$ to R13.05/$‚ after Zuma ordered Gordhan to return from an investor road show in … Continue reading Zuma’s move against Gordhan adds R2.6bn to government debt