South African Prosecutors Drop Gordhan Fraud Charges

The transcript discusses the recent surge in the Rand following the dropping of fraud charges against Finance Minister Pravin Gordhan. This development is seen as a victory for Gordhan in his ongoing conflict with President Jacob Zuma over control of the Treasury. The market has reacted positively, and the decision may impact Gordhan's position in the cabinet. Despite this win, Gordhan still faces potential future charges, and the political landscape remains complex. The focus now shifts to economic stability and the upcoming ratings decision, with challenges such as low growth and high unemployment needing attention.

What was the market reaction to the dropping of fraud charges against Finance Minister Pravin Gordhan?

• The market showed a slight decline.

• The market declined significantly.

• The market remained unchanged.

• The market surged significantly.

What was the potential impact of the fraud charges on Gordhan's position in the cabinet?

• It would have strengthened his position.

• It would have provided a reason to remove him.

• It would have had no impact.

• It would have led to a promotion.

What is one of the ongoing investigations involving Gordhan?

• An investigation into a tax evasion scheme.

• An investigation into an illicit unit at the tax agency.

• An investigation into insider trading.

• An investigation into money laundering.

What is the current growth forecast by the Finance Ministry for South Africa?

• 0.5%

• 3%

• 5.4%

• 2%

What is one of the government's strategies to address economic challenges?

• Increasing public spending significantly.

• Reducing taxes across the board.

• Eliminating all forms of taxation.

• Implementing tax increases and controlling expenditure.