SA Finance Minister to appear in court as Rand dwindles

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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.

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

 

Source: BBC