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October 11th, 2016 by


A formal summons has just now been issued for Finance Minister Pravin Gordhan on cases of fraud.

NPA head Shaun Abrahams called for a press briefing early on Tuesday morning in Pretoria. But Gordhan is not alone, the summons was issued for Gordhan, former SARS commissioner, Oupa Magashula and former deputy SARS Commissioner, Ivan Pillay.

WATCH LIVESTREAM: NPA head, Shaun Abrahams, briefs the media on the investigation into the so-called “SARS rogue unit”.

Grounds For Allegation?

The charge of fraud is believed to be linked to the payout made by SARS to Pillay when he opted for early retirement.

At 10am this morning, the Rand was trading at R17,11 to the British pound, R13,91 to the US dollar and R15,49 to the euro.

By 10:20am, it was trading at R17,49 to the pound, R14,23 to the dollar and R15,82 to the euro.

More to follow on this developing story.