• Senior Research Fellow New South Institute, Emeritus Professor at The Nelson Mandela School of Public Governance, University of Cape Town
The South African currency, the rand, fell to its lowest level in four years after President Jacob Zuma removed the country’s finance minister. Reuters/Siphiwe Sibeko

The removal of South Africa’s finance minister is bad news for the country

The removal of Minister Nene is a significant act. The fact that he has been replaced by someone who is unknown and untested simply compounds it.

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