ramaphosa

South Africa’s rand slipped on Thursday, as investors were unnerved by an investigation into a donation for President Cyril Ramaphosa’s 2017 campaign, leader of the governing African National Congress (ANC) party.

Ramaphosa has said he will cooperate with the investigation into whether he misled parliament over the donation, made by the head of services company Bosasa, and analysts say there is no immediate risk that he could be removed from office.

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But the anti-corruption watchdog’s investigation increases political uncertainty at a time when the economy is performing poorly.

At 0710 GMT, …