South Africa's Gordhan has full backing of cabinet: minister

October 20, 2016 6:21 AM EDT

South African finance minister Pravin Gordhan poses for a photograph in Pretoria, after speaking via video link to a Thomson Reuters investment conference in Cape Town South Africa, October 14,2016. REUTERS/Siphiwe Sibeko


Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

CAPE TOWN (Reuters) - South Africa's Finance Minister Pravin Gordhan has the full backing of cabinet as he faces charges that, while running the tax agency, he fraudulently approved early retirement for a deputy, Minister in the Presidency Jeff Radebe said on Thursday.

Gordhan is "innocent until proven otherwise by a court of law," Radebe told reporters.

Gordhan has also been added to a inter-ministerial task team analyzing university fees following protests by students over the cost of higher education, Radebe said.

(Reporting by Wendell Roelf; Writing by Joe Brock; Editing by James Macharia)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment