South Africa's Gordhan Refuses to Report to Police

Pravin Gordhan, former head of the national tax agency, defends his actions regarding a special unit he set up, claiming innocence and expressing willingness to assist in any genuine investigation. Despite police interest, Gordhan refuses to present himself for questioning. The economic implications are significant, with the South African Rand and banking stocks experiencing declines. The market reacts negatively to Gordhan's statement, reflecting concerns over economic stability.

What was Pravin Gordhan's stance on the charges against him?

• He agreed to resign.

• He claimed the charges were unfounded.

• He admitted to some wrongdoing.

• He refused to comment.

What was the response of other officials called for questioning?

• They refused to cooperate.

• They agreed to present themselves to the police.

• They fled the country.

• They issued a joint statement with Gordhan.

What economic forecast did Pravin Gordhan make?

• The economy will stabilize.

• The economy will not grow beyond 0%.

• The economy will shrink by 2%.

• The economy will grow by 5%.

How did the South African Rand react to the news about Gordhan?

• It remained stable.

• It strengthened significantly.

• It was unaffected.

• It declined further.

What was the impact on banking stocks following the developments?

• They increased by 7.6%.

• They were unaffected.

• They remained unchanged.

• They decreased by 7.6%.