south african markets rally after jacob zuma picks safe finance minister /

Published at 2015-12-14 15:30:29

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Former office holder Pravin Gordhan reappointed after tumultuous week in which rand plummeted to historic lowSouth African markets have rallied after President Jacob Zuma re-appointed Pravin Gordhan as finance minister,although the lag 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 secure pair of hands to guide Africa’s moment-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...

Source: theguardian.com

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