South Africa's Gordhan returns, says "let's wait and see" on sacking


Finance Minister Pravin Gordhan delivers his 2017 Budget Speech to Parliament in Cape Town, South Africa, February 22, 2017. REUTERS/Mike Hutchings

JOHANNESBURG/PRETORIA (Reuters) - Finance Minister Pravin Gordhan flew back to South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said he was still the finance minister when asked about reports that he was about to be sacked.

The rand, which trimmed its losses to 1 percent against the dollar following his comment, has been volatile since Zuma ordered Gordhan to return from a trip to Britain, rattling investors who see the minister as a focus of stability.

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