The rand rallied nearly 1percent late on Tuesday after Finance Minister Pravin Gordhan said reports of his alleged imminent arrest amounted to an attack on the Treasury.

Metal and mining stocks buoyed the bourse. By 16:15 GMT the rand gained 0.8 percent to 15.5300 per dollar, just shy of the session best of 15.4905 it reached after the finance minister’s statement. The rand fell to a two-month low on Monday after the report on Gordhan’s arrest.

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