Rand Plunges After Gordhan Summoned by Police

The transcript discusses the Hawks' investigation into Finance Minister Pravin Gordhan, who has been asked to report to their office. This has caused the Rand to fall significantly against the dollar. The investigation relates to past allegations of a rogue unit spying on politicians. Gordhan denies involvement, and the situation has raised concerns among investors and analysts.

What action did the Hawks take regarding Finance Minister Pravin Gordhan?

• They ignored his previous actions.

• They awarded him for his service.

• They wrote him a letter asking him to report to their office.

• They invited him to a public event.

How did the market react to the news about the Finance Minister?

• The Rand rose to its highest level in a month.

• The Rand fell to its weakest level in three weeks.

• The Rand remained stable.

• The Rand strengthened against the dollar.

What was the immediate effect on the Rand following the news?

• It slightly increased.

• It gained value.

• It fell to its weakest level against the dollar.

• It remained unchanged.

What was the alleged reason for reopening the case against Pravin Gordhan?

• He allegedly set up a rogue unit to spy on politicians.

• He was accused of financial fraud.

• He was involved in a tax evasion scheme.

• He was accused of embezzling funds.

What concerns were raised among analysts and investors?

• The increase in tax rates.

• The formation of a new government unit.

• The potential arrest of Gordhan could destabilize the economy.

• The introduction of new financial policies.