The rand is trading at R13.99 to the dollar, R17.45 to pound sterling and R15.72 to the euro.
Trade, Industry and Economic Development Minister Ebrahim Patel says corruption and capture of State institutions will not be rooted out if there are no consequences for the perpetrators.
Leaders of the G20 including President Cyril Ramaphosa have wrapped up their summit in Osaka, Japan, with calls to strive for a free, fair and stable trade and investment environment.
India on Sunday imposed higher tariffs on 28 items imported from the United States, in retaliation to Washington’s recent withdrawal of trade privileges for New Delhi.
Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.