South Africa's finance minister has returned to the country after being summoned by the president on Monday. Speculation that he is about to be fired has sparked turmoil on the markets.
South Africa's chief prosecutor has announced his decision to pursue corruption charges against Jacob Zuma. He said there are "reasonable prospects of a successful prosecution."
In a ministerial shake-up South Africa's new president, Cyril Ramaphosa, has reappointed two ministers fired by Jacob Zuma and demoted others. The balancing act is an attempt to appease many factions in his ruling party.
South African stocks have gained the most since June 2016 after the resignation of President Jacob Zuma ended a stand-off in the ruling ANC, boosting hopes his successor, Cyril Ramaphosa, will improve the economy.
South Africa's new president has delivered a rousing state of the nation address promising to clamp down on corruption. Jacob Zuma was scheduled to deliver the speech, but resigned in disgrace two days ago.
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