The Rand reached a seven-year low of R17.99 to the US dollar on Sunday. This decline has been attributed to mostly the Chinese economic slow-down.
Meanwhile, President Jacob Zuma’s in a series of interviews, said the markets' shock reaction to his decision to remove Nhlanhla Nene as finance minister had been an exaggeration.
Stephen Grootes spoke to the chief economist at Econometrix, Dr Azar Jammine, about this matter.
Listen to the conversation below: