ANC rallies behind Zuma

Karen Allen

BBC Southern Africa correspondent, Johannesburg

South Africa's governing African National Congress (ANC) party had defended President Jacob Zuma's dramatic U-turn on the appointment of a new finance minister.

It denies that he faced internal pressure from within the party just days after the appointment of Des van Rooyen - an outsider with  no experience at national government level - sent the economy into free-fall. 

The markets have rallied at the news that Pravin Gordhan is returning to the job but Mr Zuma's credibility has been severely dented. 

http://www.bbc.com/news/live/world-africa-35010088