The rand has fallen to R15 to the dollar while there’s still no explanation from the Presidency regarding the removal of Finance Minister Nhlanhla Nene from his portfolioin Cabinet.
The local currency also touched record lows against the pound and the euro.
EWN's business reporter Mashudu Masutha said the market is looking for economic continuity and stability, while rating agencies call for fiscal consolidation.
Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:
Track the movement of the rand in the chart below: