Rand jitters on Zuma vote The South African rand drifted lower yesterday morning, giving back some gains after rallying to its firmest level in a week as some investors bet a no-confidence vote by secret ballot against President Jacob Zuma could see him ousted.Zuma's critics hope the secret ballot will embolden a significant number of the 249 African National Congress lawmakers in the 400-seat house to vote against a president beset by allegations of corruption, which he has consistently denied.
Analysts said it was unlikely the motion would succeed but that the possibility was driving sentiment in the short term, and that trade would be subdued leading up to the vote.
NAMPA/REUTERS