Zuma joins Gupta court battle to file motion against bank

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President Jacob Zuma in the National Assembly. (Screen grab from SABC)
President Jacob Zuma in the National Assembly. (Screen grab from SABC)

Cape Town – President Jacob Zuma on Monday joined court proceedings as an interested party in the North Gauteng High Court matter between Oakbay Investments and Finance Minister Pravin Gordhan.

This follows Zuma’s announcement on Monday that he has cancelled Treasury’s investor roadshow to the UK and US and ordered Gordhan to return home.

The rand tanked by almost 40 cents on the news, trading at R12.70 to the dollar by 15:34 on Monday.

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Rand - Dollar
14.13
-0.9%
Rand - Pound
19.86
-0.3%
Rand - Euro
17.06
-0.3%
Rand - Aus dollar
10.92
+0.5%
Rand - Yen
0.13
-0.0%
Gold
1,815.60
-1.2%
Silver
27.00
-2.2%
Palladium
2,860.00
-2.7%
Platinum
1,214.98
-2.0%
Brent Crude
68.55
+0.3%
Top 40
61,529
+0.3%
All Share
67,424
+0.3%
Resource 10
71,663
+1.5%
Industrial 25
83,756
-0.5%
Financial 15
12,642
-0.1%
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