South Africa's rand weakens on growth concerns, Sasol leads stocks lower

South Africa's rand weakened against the dollar on Wednesday after Finance Minister Pravin Gordhan cut economic growth forecast and predicted wider budget deficits in his medium-term budget statement. "Gordhan's budget plans rely on an economic acceleration that we believe is unlikely to materialise," Capital Economics Africa economist John Ashbourne said in a note. "If growth stays weak, South Africa will over-shoot its deficit and debt targets." The minister said the economy would grow by 0.5