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Markets don't fall over Zuma's remarks - Gordhan

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Pretoria - Reacting to concerns that President Jacob Zuma's public utterances are causing the rand's slide, Finance Minister Pravin Gordhan told media on Thursday that the rand does not operate on what an individual does or says.

Speaking during a post-cabinet briefing, Gordhan said global markets are battling, with "flashes" like the sudden volatility of Monday, which made the rand fall to almost R18/$ at one point. It was trading at R16.55/$ at 12:00 on Thursday.

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