Jacob Zuma — News Archive

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Rand Gains on News About Possible End to President Zuma’s Rule

The South African rand gained on the US dollar today after news broke out that President Jacob Zuma, who was in power since 2009, may lose his post.

South Africa Crashes on Ramaphosa Speculation

While the political turmoil in Spain took the spotlight in the news, other countries around the world were not immune to their share of problems in politics. South Africa was one of such countries, and that sent the South African Rand crashing down against the US dollar.

South African Rand Drops as Zuma Resists Calls to Step Down

The South African rand fell against the US dollar today after President Jacob Zuma resisted calls to step down, supported by his party.

Rand Falls as Political Turmoil in South Africa Intensifies

Political turmoil in South Africa persists, and it continued to hurt the rand, which dropped more than 1% on Wednesday.

South African Rand Bounces, Jumping More Than 1% vs. Dollar

The South African rand erased yesterday’s losses today, jumping more than 1% against the US dollar.

Rand Falls as Markets Expect Gordhan to Leave Office

The South African Rand dropped today amid speculations that Finance Minister Pravin Gordhan will leave his office.

South African Rand Plunges as Pravin Gordhan Summoned to Court

The South African rand plummeted today after Finance Minister Pravin Gordhan was officially summoned to court.

South African Rand Tumbles Over Political Turmoil

The South African rand fell today as political turmoil in the country made the currency not particularly attractive to investors.

South African Rand Gains After Finance Minister Appointment

The South African rand rallied today after President Jacob Zuma appointed Pravin Gordhan as a new finance minister. He is the third South African finance minister in less than a week.

Rand Fluctuates on Interest Rate Speculations

The South African rand fluctuated today between gains and losses on speculations that the nation’s central bank may decrease interest rates to boost slowing economic growth of South Africa.

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