South Africa: Markets React Aggressively to Nene Axing

10 December 2015

Local and international markets have reacted aggressively to the axing of the "capable Finance Minister" Nhlanhla Nene, according to TreasuryOne.

International markets have displayed their disapproval as the rand lost 80 cents against the dollar, 90c against the euro and 110c against the pound, according to TreasuryOne director Wichard Cilliers.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.