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
- Monday ,15 January GMT 17:44 2018 EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens moreGMT 10:46 2018 Tuesday ,16 January
The Rake announces editorial updatesGMT 11:51 2018 Tuesday ,23 January
Europe brings on charm and blue skiesGMT 10:46 2017 Tuesday ,19 December
For the Variety of Interior Design StylesGMT 13:44 2018 Monday ,22 January
US Christian tourists see deep meaningGMT 10:03 2018 Tuesday ,23 January
Amazon to open first cashierless shop
GMT 12:58 2017 Wednesday ,09 August
Israel ‘guilty of war crimes’ for Jerusalem
GMT 11:13 2017 Wednesday ,29 March
Seoul approves North Korea women's hockey visit
GMT 04:57 2015 Thursday ,28 May
Cartier boss snubs 'useful' smartwatches for classic chic
GMT 05:11 2017 Monday ,20 March
Rock ‘n’ roll pioneer Chuck Berry dead at 90
GMT 08:41 2017 Monday ,11 December
Christian Louboutin releases
GMT 11:15 2017 Monday ,14 August
Amir Karara decides to spend holiday in N.CoastGMT 05:27 2012 Friday ,04 May
\'Almost Invisible\': new poems from mark strand
GMT 11:58 2017 Thursday ,02 March
Oman celebrates Crafts DayGMT 10:13 2011 Sunday ,25 September
Chinese language culture festival held in 1948 School in Moscow
GMT 12:15 2012 Wednesday ,25 July
New KIA Carens to debut at Paris motor show
GMT 12:55 2017 Monday ,30 October
Spanish prosecutors seek charges against Catalan ex-leaders
GMT 14:04 2017 Sunday ,10 December
Major recall of Lactalis baby milk over salmonella fears
GMT 13:56 2017 Saturday ,21 October
judged harshly because of successGMT 20:46 2012 Saturday ,30 June
Brussels euro crisis summit fruitful
GMT 17:52 2017 Tuesday ,28 November
Tokyo stocks snap three-day winning streak
GMT 19:21 2017 Tuesday ,02 May
Infiniti Q60 Coupe: Born to perform
GMT 18:56 2012 Monday ,12 March
Geneva Motor Show
GMT 09:07 2017 Sunday ,30 April
Zafer Al Abdeen is ready for Ramadan
GMT 19:26 2017 Monday ,20 November
Kenya's Supreme Court upholds Kenyatta election win
GMT 08:50 2017 Friday ,01 December
Israel carries out Gaza strikes after mortar fire
GMT 08:34 2017 Saturday ,24 June
Colombia ELN rebels say kidnapped Dutch journalists actually not freed
GMT 00:11 2017 Monday ,13 March
Dubai surgeons repair 3-year-old girl’s heartGMT 10:58 2011 Sunday ,11 September
Firework, music soiree greets Mid-Autumn Festival
GMT 15:27 2017 Tuesday ,07 November
Syria to join Paris climate pact, US only nation left out: NGO
GMT 07:42 2017 Tuesday ,28 November
DIEDC Launches State of the Global Islamic Economy Report 2017/18
GMT 10:05 2017 Thursday ,16 November
Anbar tribes criticize lack of safe corridors for civilians
GMT 08:39 2017 Tuesday ,05 December
Yemenis express anger after the killing of former president
GMT 18:22 2017 Monday ,04 December
Pure Package Wellness Awards 2018 entries now open
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor