The rand was weaker as soon as possible Monday, right after the Business Day newspaper cited government sources as praoclaiming that finance minister Nhlanhla Nene had asked President Cyril Ramaphosa to sack him.
Read: Nene asks end amid pressure to go
The rand was over 1% weaker at 14.92 per dollar at 0736 GMT.
Business Day said Nene requested Ramaphosa to relieve him of his duties after he admitted to coming to the home from the Gupta brothers, friends of scandal-plagued former leader Jacob Zuma.
Nene was under time limits to resign after his testimony for a corruption inquiry last week.
