Rand weaker on #NhlanhlaNene resignation fears

PUBLISHED: Mon, 08 Oct 2018 11:55:37 GMT

The rand is losing strength due to media reports of a possible resignation of South African Finance Minister Nhlanhla Nene. Bond markets aren’t painting a pretty picture either; yields on treasuries have reached a seven year high. Jan Sluis-Cremer, Foreign Exchange and Money Market Sales Desk at RMB, joins CNBC Africa for more.