May 17 major South African media outlets

The following are news highlights in major South African media outlets on Tuesday.

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— Speculation that Finance Minister Pravin Gordhan was facing arrest hammered investor sentiment on Monday, causing the rand to tank more than 2 percent.

Pravin Gordhan
Pravin Gordhan
The jitters again made the rand the worst performer among emerging market currencies after it sank to R15.74 against the U.S. dollar from Friday’s close of R15.40. (Business Day)

— An ANC councillor is among those arrested for torching schools and violent protests in the troubled Vuwani town in Limpopo.

The town remained on a knife-edge as the lockdown continued despite government plans to have schooling resume on Monday. (City Press)

— The South African Minerals Department cuts budget for environmental oversight in mining. (Mail & Guardian) Enditem

Source: Xinhua

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