South Africa’s Rand Slides Amid Renewed Cabinet Tensions – Wall Street Journal

JOHANNESBURG—A new front in a tussle between South Africa’s president and his finance minister has opened in the wake of the ruling party’s worst election result since the collapse of apartheid, stoking fears over the stability of Africa’s most developed economy.

Reports late Tuesday that Finance Minister Pravin Gordhan had been summoned by an elite police division and could face charges relating to his tenure heading the state tax service left South African markets reeling. The rand currency tumbled more than 3% against…


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