South Africa’s rand weaker on report Nene asked to be sacked

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JOHANNESBURG  – South Africa’s rand was weaker early on Monday, after the Business Day newspaper cited government sources as saying that Finance Minister Nhlanhla Nene had asked President Cyril Ramaphosa to sack him.

* The rand was more than 1 percent weaker at 14.9200 perdollar at 0736 GMT. * Business Day said Nene requested Ramaphosa to relieve himof his duties after he admitted to visiting the home of theGupta brothers. * Nene had been under pressure to resign after his testimonyat a corruption inquiry last week. (Reuters)

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