October 8, 2018 / 6:39 AM / 2 months ago

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

JOHANNESBURG, Oct 8 (Reuters) - 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 per dollar at 0736 GMT.

* Business Day said Nene requested Ramaphosa to relieve him of his duties after he admitted to visiting the home of the Gupta brothers, friends of scandal-plagued former leader Jacob Zuma.

* Nene had been under pressure to resign after his testimony at a corruption inquiry last week. (Reporting by Nomvelo Chalumbira Editing by Alexander Winning)

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