Highs and Lows Digital Stock Graph
Markets

South Africa - new finance minister announced

  • South Africa has a new finance minister
  • Pravin Gordhan will be sworn in Monday
  • President Jacob Zuma has restored him to the post he held until 2014

The SA rand is higher following the news

-

Gordhan replaces David van Rooyen, who had replaced Nhlanhla Nene last week. The rand had fallen fell to its lowest level in 5 years after Nene was sacked.

-

h/t and thanks to a switched-on ForexLive reader in SA - thanks Tony!

-

Updated with chart - movement for the ZAR this morning

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos