JOHANNESBURG, March 29 South Africa's rand and
government bonds were on the back foot early on Wednesday over
speculation of an imminent cabinet shake-up that could see
Finance Minister Pravin Gordhan removed.
* Gordhan abandoned an investor roadshow and flew home on
Tuesday on the orders of President Jacob Zuma, triggering
speculation about his future.
* Gordhan's recall rattled investors who see him as a focus
of stability and is widely respected in financial markets.
* At 0645 GMT, the rand traded at 13.0475 per
dollar, 0.48 percent weaker from its New York close on Tuesday.
* In fixed income, the yield for the benchmark government
bond due in 2026 rose 11.5 basis points to 8.855
* Stocks were set to open higher at 0700 GMT, with the JSE
securities exchange's Top-40 futures index up 0.49
(Reporting by Olivia Kumwenda-Mtambo; Editing by Alison