Zuma Vote Ruling Propels Rand to Biggest Gain in a Month: Chart

(Bloomberg) -- South Africa's rand headed for its biggest gain in almost a month after parliament Speaker Baleka Mbete ruled that a no-confidence vote against President Jacob Zuma on Tuesday will be held via secret ballot. Investors have pinned their hopes on such a decision because the secrecy might enable more members of the ruling African National Congress to vote against Zuma, whose rule is mired in allegations of corruption and economic mismanagement.

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net.

To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Srinivasan Sivabalan