The S&P 500 fell for the fourth time in five sessions on Tuesday, but was still within 1% of its record closing high set earlier this month.
Investor caution over the political row involving Finance Minister Pravin Gordhan sees the rand weakened against the dollar.
In a month when a record wave of cash headed to emerging markets, SA bonds managed to lose money for foreign investors.
European shares rose on Tuesday as investors pared back some of their expectations that the US Federal Reserve could hike interest rates in September.
Goldman Sachs warns of dire consequences for SA’s credit rating and the rand if Pravin Gordhan is removed from his post.
Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike interest rates as soon as September restrained the dollar.
Financial and commodity-sector stocks led the S&P 500 higher on Monday after consumer spending rose for a fourth straight month.
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.