Rand plummets following Gordhan summons

[ChefDJ]

Rand plummets following Gordhan summons
The rand smashed through R14 to the US dollar following news that Pravin Gordhan has been summonsed on charges of fraud.

The rand plummeted against major currencies following the news that finance minister Pravin Gordhan has been summonsed on charges of fraud.

EWN reported that Gordhan’s fraud charges relate to the early retirement of his former Sars deputy Ivan Pillay.

Gordhan will reportedly face charges of fraud along with Pillay and former commissioner Oupa Magashula.

The charges follow a long silence from the Hawks and the National Prosecuting Authority, after it was revealed in August that the finance minister faced possible charges of corruption relating to Pillay’s early retirement.

The rand started to weaken shortly after the news of Gordhan’s fraud charges emerged, and dropped from R13.90 to R14.22 against the US Dollar within minutes.

Source

 

[ChefDJ]

Just what we needed :facepalm:

 

[WIDEOPN-X5]

Short term gain for me....have a lot of USD fees due imminently. But, after that pain just like everyone else.

Chief Thief ZOOOMA doesn't give a toss about anything but his personal agenda and as the noose tightens round his neck regarding state capture allegations what does he do? Throws Gordhan under the bus to draw attention away from himself.

He may be dumb as a post from a literacy point of view but he's as cunning as FUCK:RedNo:

 

[Sabretooth tiger]

:smashScreen::smashScreen::smashScreen::smashScreen:

 

[NtandoN]

I am really battling to understand why the NPA would go to such lengths, even near destabilization of the country, to protect one person :banghead:

 

[ChefDJ]

I am really battling to understand why the NPA would go to such lengths, even near destabilization of the country, to protect one person :banghead:

Namely one person with 782 more corruption charges than the one being charged...

 

[Lizzard]

Wouldnt you try and support the one guy that can be your downfall? Mean for the government help myself cronies

They made millions, if it isnt billions and to them taking a little fall in the rand value is nothing as they can take that hammer, I cant but then they dont care, do they

 

[Woodies]

:smashScreen::smashScreen::smashScreen:

FFS! Junk status here we come. What a moron and all the idiots that let this happen. :RedNo::RedNo:

 

[Clint@MMS AUTO]

Glad i placed my Ebay order when it was still in the 13's :hammerhead:

 

[hoosain]

this is what you get when you vote anc

 

[Lizzard]

Ummm how many of those ANC people have the internet and is up to date with the corruption people they vote for

 

[Nick]

gg cANCer.

 

[SylisM]

Oh goodness :facepalm:

 

[nait]

this is what you get when you vote anc

Lucky you. I was going to place an order this morning but said il wait till this afternoon. Im not sure if i should wait or place order now:hammerhead:

 

[RAArmstrong]

It's as if Zuma and his cronies actually want to ruin the country?

Sent from my SM-N920C using Tapatalk

 

[MikeR]

:smashScreen::smashScreen: that whole team at the top are in it to rape the system.