25.12.2015

Zuma's shuffle sends rand down, down - and up

The Agricultural Business Council (Agbiz) has welcomed President Jacob Zuma's appointment of former Cooperative Governance and Traditional Affairs (COGTA) Minister Pravin Gordhan as new Finance Minister.
- Farmer's Weekly 

"The partial recovery of the markets is vindication of the move and has undone some of the damage caused by the initial release of Minister Nene and the appointment of Des van Rooyen," said Purchase.

Gordhan came with "a solid reputation of good governance and fiscal discipline, and Agbiz has full confidence in his ability to take responsibility for the finances of the South African government". Read more