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 impact did Pravin Gordhan's statement have on the South African Rand?

What was the reaction of the banking stocks following the recent events?