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The South African rand is getting destroyed

The South African rand is getting destroyed. The currency is down by 3.5% at 14.2964 per dollar as of 7:40 a.m. ET. The rand's plunge follows reports that prosecutors issued South Africa's Finance Minister Pravin Gordhan with a formal summons to appear in court on fraud charges in November. "The National Prosecuting Authority denies that charges – which date back to Mr.
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Summons issued against South African finance minister: radio

News : Reuters: World News

JOHANNESBURG (Reuters) - South African Finance Minister Pravin Gordhan has been issued with a formal summons for fraud, the local Eyewitness News service reported on Tuesday.

South African police deny targeting finance minister Gordhan: report

News : Reuters: World News

JOHANNESBURG (Reuters) - South African police denied being part of a political conspiracy targeting Finance Minister Pravin Gordhan, City Press newspaper said on Friday, after the main opposition party described the police investiga...

South Africa police deny Gordhan inquiry moved to new unit

News : Reuters: World News

JOHANNESBURG (Reuters) - South Africa's elite Hawks police unit denied on Sunday a report that an investigation involving Finance Minister Pravin Gordhan, which has helped to weaken the rand, has been transferred to another part of ...

South African prosecutor says Gordhan can submit for a review over fraud charges

News : Reuters: World News

CAPE TOWN (Reuters) - South Africa's state prosecutor said on Wednesday that Finance Minister Pravin Gordhan could ask for a review of a decision to charge him with fraud, a case that is part of a long-running row surrounding the mi...

South Africa's Gordhan has full backing of cabinet: minister

News : Reuters: World News

CAPE TOWN (Reuters) - South Africa's Finance Minister Pravin Gordhan has the full backing of cabinet as he faces charges that, while running the tax agency, he fraudulently approved early retirement for a deputy, Minister in the Pre...

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