The rand has closely tracked Zuma’s fortunes, advancing when his position weakened and selling off when Gordhan seemed threatened.
Domestic investors more than doubled the amount sent overseas to $1.65 billion in the third quarter. There’s no sign they’re returning
The rand had previously hit the floor dramatically n December after President Jacob Zuma unexpectedly fired his finance minister
'There’s no better time to be in Kenya than now' - analysts look beyond market losses, bullish on east African economy>
Capital expenditure programmes and oil prospects catch attention of investors.
With his second term ending in 2017, the president’s intentions about whether he will seek to extend the 15 years he’s been in office are unclear.
In 2014, Ghana, Zambia, Ethiopia and Kenya were among countries that took advantage of all-time low borrowing costs in dollars to fund infrastructure.