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Gordhan's dramatic recall 'highly embarrassing' - analysts

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Cape Town – The rand reacted swiftly on Monday, touching R12.66/$ in one-way after the Presidency announced that it had ordered Finance Minister Pravin Gordhan to return from an international roadshow to woo investors. 

Gordhan, Deputy Finance Minister Mcebisi Jonas and National Treasury Director General Fuzile Lungisa were part of a delegation to the US and the UK to reassure investors of South Africa’s soundness as an investment destination when they were instructed by the Presidency to return immediately. 

The move sparked renewed speculation that Zuma would reshuffle his Cabinet, firing either Gordhan, or Jonas, or both, replacing them with recently appointed ANC MP Brian Molefe. 

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