Gordhan co-accused challenge fraud charges
Two South African former tax service employees who have been charged with fraud alongside Finance Minister Pravin Gordhan asked the state on Monday to review the charge, the National Prosecution Authority (NPA). Oupa Magashula and Ivan Pillay worked under Gordhan during his tenure as boss of the South African Revenue Service (SARS) from 1999 to 2009. Opposition parties and critics have described the accusation as part of a ploy to muzzle the Treasury, which has been critical of the political influence yielded by allies of President Jacob Zuma.Gordhan moves knock R60bn off banking stocksIn a reaction similar to that when Nhlanhla Nene was sacked as finance minister last December, almost R60-billion was wiped off the value of banking stocks this week when the National Prosecuting Authority announced it planned to charge Finance Minister Pravin Gordhan with fraud. The NPA said it had invited Gordhan to make representations regarding the charges to its head, Shaun Abrahams, by Tuesday afternoon.Gordhan said on Friday he considered such review pointless because he doubted the "ability or willingness" of the NPA to give him a fair hearing.Gordhan has been summoned to appear in court on Nov. 2 on charges that he broke the law when he granted early retirement to Pillay and then re-hired him as a consultant...
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