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Political turmoil roils rand and rate bets

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Johannesburg - Political turmoil is worsening in South Africa, undermining investor confidence in the country and hitting everything from the rand to interest-rate bets.

The currency and bond yields have fluctuated sharply this week as Finance Minister Pravin Gordhan called the police’s questioning of him “harassment” and revelations emerged of cronyism in President Jacob Zuma’s administration.

READ: Gordhan condemns 'harassment' by Hawks

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