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 11:31 2018 Friday ,14 December
UN climate conference enters final day with little progress made
GMT 15:07 2018 Friday ,07 December
Foreign interference in internal affairs of sovereign states is major source of international tension
GMT 16:41 2018 Monday ,19 November
Putin hails Turkish president’s role in seeing TurkStream project implemented
GMT 11:52 2018 Thursday ,13 December
Britain's May to appeal to EU for help to salvage Brexit deal
GMT 11:54 2018 Tuesday ,11 December
Ajax and Bayern in tasty Champions League duel for first place
GMT 11:32 2018 Tuesday ,04 December
Russia slams ECHR for taking Kiev’s Kerch Strait suit without any official documentation
GMT 16:05 2018 Monday ,03 December
Germany diesel crisis: Nearly a billion euros extra for cleaner air
GMT 13:44 2018 Thursday ,13 December
Syria participates in the Katowice Climate Change Conference
GMT 17:35 2018 Wednesday ,05 December
Putin vows ‘support’ as Venezuela’s Maduro seeks financial aid
GMT 18:01 2017 Saturday ,04 March
Iran, Turkey presidents meet to defuse tension
GMT 14:28 2017 Monday ,20 March
Katie Nicholl signs to On The Box PR
GMT 15:27 2018 Friday ,07 December
Yemeni gov't agrees to conditionally re-open Sanaa airport
GMT 18:33 2017 Saturday ,25 March
'Fired up' Ferrari in the hunt
GMT 03:40 2015 Monday ,30 March
Bahraini Shaikh Isa bin Salman chairs Fund board meeting
GMT 01:55 2016 Thursday ,25 August
5 arrested after grenade attack in Mogadishu
GMT 11:26 2015 Tuesday ,22 December
Its busiest day of air travel traffic in 2015
GMT 03:06 2017 Sunday ,19 March
Kuwait suspends three officers pending suicide investigation
GMT 18:03 2017 Wednesday ,19 April
Tunisian President Meets Finnish Foreign Minister
GMT 21:01 2017 Friday ,08 September
Pakistan inks MoU with JICA on energy conservation
GMT 00:29 2017 Tuesday ,07 November
Saudi Arabia stresses need to alleviate suffering of Rohingya Muslims
GMT 03:03 2017 Sunday ,30 April
EU lawmakers vote to make YouTube fight online hate speech
GMT 16:34 2017 Saturday ,23 September
Cape Town gallery showcasing modern African art opens
GMT 18:14 2017 Thursday ,02 March
Gambian president arrives in Dakar for Senegal visit
GMT 22:26 2016 Thursday ,11 August
Fires on Portuguese island Madeira kills 3
GMT 10:16 2017 Friday ,03 November
Turkey's Sahin quits internationals -- at 29
GMT 14:06 2018 Friday ,05 October
Flaw found in launch pad casing at Vostochny Cosmodrome partially fixed
GMT 16:35 2014 Thursday ,03 April
ADM uses LED lighting system in pedestrian tunnels
GMT 01:18 2017 Thursday ,09 November
Oman condemns terrorist blast in Bahrain
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