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Sarb won't be drawn into Gordhan drama

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Pretoria - The South African Reserve Bank will not respond to short term volatility triggered by news of possible charges against Finance Minister Pravin Gordhan, Deputy Governor Daniel Mminele said on Monday.

The rand, bonds and stocks have weakened since last week when it emerged that police had summoned Gordhan to answer questions over a surveillance unit set up in the revenue service when he was in charge.

The Hawks ordered Gordhan and others to report to them in Pretoria on Thursday in relation to an alleged "rogue" unit located within the SA Revenue Service (Sars), during the time that Gordhan was Sars commissioner. Gordhan refused.

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