South African markets rally after Jacob Zuma picks 'safe' finance minister

Discussion in 'Market News' started by Lily, Dec 14, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Former office holder Pravin Gordhan reappointed after tumultuous week in which rand plummeted to historic low

    South African markets have rallied after President Jacob Zuma re-appointed Pravin Gordhan as finance minister, although the move did little to quell criticism of the country’s leader.

    Gordhan became the country’s third finance minister in less than a week. He previously occupied the post from 2009-14, and is considered a safe pair of hands to guide Africa’s second-largest economy.

    Related: South Africa says #ZumaMustFall after shock sacking of finance minister

    Related: The Guardian view on Jacob Zuma’s economics: not prudent, and a danger for the future | Editorial

    Continue reading...

Share This Page

free forex signals