Zuma drops new finance minister after market backlash

South African president Jacob Zuma (R) swore in legislator David Van Rooyen (L) as his new finance minister on December 10, 2015 -- only to dismiss him late in the evening of Sunday, December 13 after markets balked and the national currency crashedSouth African President Jacob Zuma fired his new finance minister Sunday, just days after a shock change at the top of the key ministry sparked a market backlash. The dismissal of little-known ruling-party legislator David van Rooyen was Zuma’s second firing, following his sudden sacking of respected finance minister Nhlanhla Nene on Wednesday. As a democratic government, we emphasise the importance of listening to the people and to respond to their views,” Zuma said in a statement.

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