National Treasury

Under Zuma’s reign, South Africa once had three finance ministers in four days. That was in December 2015, when Nhlanhla Nene was removed, taking the rand to R14.83/$. It was hit further when Des van Rooyen, a former mayor of Merafong, was appointed minister, tanking to R16. The rand recovered somewhat when Van Rooyen — after a massive outcry — was replaced by Pravin Gordhan. Last year, former home affairs minister Malusi Gigaba was appointed finance minister after a latenight cabinet reshuffle. The rand promptly declined 2% to R14.32.