Oil declined on Monday amid doubts that producers will agree on a deal to stabilise the market when suppliers meet next month.
South Africa’s rand reached its weakest in more than four weeks against the dollar on Monday.
Economists expect the local markets to be guided by developments in the feud between the Hawks and Pravin Gordhan.
Gold heads for its first daily gain in more than a week as traders wait for a speech by Federal Reserve Chair Janet Yellen.
Emerging equities are set for their first weekly loss in seven ahead of a key speech by US Fed chair Janet Yellen.
SA’s rand is on track for its biggest weekly drop since Nhlanhla Nene was axed in December last year.
South Africa’s wheat crop is set to climb 17 percent this year, as rains have eased drought conditions in the Western Cape.
Jacob Zuma and Cyril Ramaphosa expressed confidence in Pravin Gordhan - but their pledges did little to inspire the markets.
Asian stocks were steady on Friday, with modest losses in some markets.