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SA Finance Minister To Appear In Court As Rand Dwindles

October 11, 2016
in International
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South Africa’s Finance Minister Pravin Gordhan says he’s been ordered to appear in court on 2 November in relation to the establishment of a tax service surveillance unit set up a decade ago when he ran South Africa’s revenue service.

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Meanwhile, the country’s top state prosecutor has denied that there was any “political mischief” behind the investigation into Mr Gordhan.

That was the way Mr Gordhan described it in an interview a week ago.

This morning, the finance minister has been at a business seminar and said: “It looks like we are in a bit of excitement going forward.”

On the markets, the rand has fallen in value by about 3.5% this morning.

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Tags: africaBusiness_FinancecurrencyEconomy of AfricaEconomy of South AfricafinanceFinance MinisterNational TreasuryPravin GordhanSouth AfricaSouth African randstate prosecutor

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