South Africa’s Financial Services Board probes trades around Gordhan recall
South Africa's former Finance Minister Pravin Gordhan
Johannesburg - Arab Today
South Africa’s Financial Services Board (FSB) is probing certain trades made in the hours before former Finance Minister Pravin Gordhan was recalled from an investor roadshow and then dismissed, an official said on Tuesday.
The Johannesburg bourse said in April it was probing the trades involving currency futures and would forward its findings to the FSB once they were finalized.
On March 27, news broke that President Jacob Zuma had ordered Gordhan to return immediately from a trip to Britain and the United States, roiling local markets. Gordhan was later dismissed in a cabinet reshuffle.
“The investigation is on-going,” Solly Keetse, head of Market Abuse at the FSB, told Reuters, adding that the FSB would make its findings known in due course.
The rand weakened about 2.5 percent ahead of the news, according to Thomson Reuters data, falling further after the recall was confirmed, while the Banks index on the bourse fell 4.73 percent.
Source: Arab News
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:59 2018 Merkel policies in focus in final debate on draft German budget
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soon
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 18:29 2018 Tuesday ,30 October
Yemen’s new Prime Minister Maeen Abdulmalik Saeed arrives in Aden
GMT 07:27 2017 Wednesday ,19 April
Kim family values on show at North Korea parade
GMT 06:45 2018 Tuesday ,23 January
Turkish Cypriot paper attacked over Syria 'occupation' headline
GMT 07:21 2018 Tuesday ,02 January
Erdogan: Sudan and Turkey Draw up Road-Map for their Future Relations
GMT 13:32 2017 Sunday ,19 February
Bassem Samra: His role in 'International' surprise
GMT 12:40 2017 Monday ,08 May
Predators advance to Western Conference final
GMT 13:14 2017 Thursday ,30 November
Bezos a $100 bn man as Amazon rises
GMT 09:48 2017 Friday ,03 November
the animals still being sent into space
GMT 16:09 2017 Friday ,17 November
Indonesia smugglers stuffed exotic birds in pipes
GMT 12:02 2017 Monday ,27 March
SeaWorld to expand in China after investment deal
GMT 14:37 2017 Tuesday ,21 November
Supermodel leads mourning for fashion's 'King of Cling'
GMT 02:09 2017 Thursday ,02 March
Syria army enters IS-held Palmyra: Monitor
GMT 00:08 2017 Wednesday ,01 March
French election turns ugly as political attacks mount
GMT 16:42 2016 Friday ,14 October
ACWA Power aims to build 340 MW wind plant in Turkey
GMT 17:56 2017 Tuesday ,12 December
FNC delegation concludes participation in 4th Global Conference
GMT 15:50 2017 Friday ,08 December
Palestinian ministry retracts statement saying second Gazan killed in clashes
GMT 17:09 2017 Friday ,15 September
Indians edge Royals, stretch streak to 22 wins
GMT 03:11 2017 Tuesday ,05 December
At least 25 dead after migrant boat sinks off Libya
GMT 18:49 2017 Tuesday ,03 October
EgyptAir offers discounted tickets on US, North Africa
GMT 12:42 2017 Wednesday ,01 November
S.Korea prosecutors seek 10 years' jail for Lotte founder
GMT 08:19 2017 Monday ,13 March
Carlos the Jackal faces trial again in France
GMT 09:16 2017 Saturday ,22 April
'Assault on facts' energizes global March for Science
GMT 12:09 2017 Tuesday ,28 March
New British pound coin enters circulation
GMT 04:53 2017 Sunday ,25 June
Ramadan, Eid earn prime spots on Gulf fashion calendar
GMT 23:05 2017 Thursday ,05 October
Abu Dhabi Police launches Commander-in-Chief Award for Humanitarian Work
GMT 03:14 2017 Thursday ,09 March
Bahrain parliament approves military trials for civilians
GMT 02:48 2017 Wednesday ,20 September
Messi hits four as Barca maintain perfect start
GMT 21:06 2017 Sunday ,01 January
Implementation of economic program
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor