Trading news

South Africa's scandal with Pravin Gordhan

South Africa's, Pravin Gordhan, Finance Minister is under investigation, a condition that destabilized the nation's government and created fear and uncertainty in one of the most industrialized economies, Mcebisi Jonas, the deputy finance minister said today.

South Africa's Gordhan spying on politicians

The issue was raised after Pravin Gordhan disobeyed to follow the police's inquiry to state whether or not he was involved, or rather have used a tax service unit for spying on politicians, including the President.

Following this incident, and amid the investigation having taken place, the nation's currency, the rand, declined approximately 3%.

Moreover, according to Mcebisi Jonas, this negative outcome does not destabilize the economy but creates uncertainty.

Read More

Tuesday, 13 Sep, 2016 / 9:04

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/south-africa-s-scandal-with-pravin-gordhan

Trading news

 

Intraday Market Analysis – Recovery Momentum

EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]

Posted on Tuesday, 20 Apr, 2021 / 1:00 under

What To Expect Out Of Bank Of Canada Interest Rate Decision

There is an increasing consensus that we will get some action out of the BOC [...]

Posted on Tuesday, 20 Apr, 2021 / 12:54 under

COCA-COLA REPORTS SPARKLING Q1 RESULTS

Coca-Cola reported quarterly sales growth for the first time after four [...]

Posted on Tuesday, 20 Apr, 2021 / 10:04 under