Tags: AF | South Africa | Finance Minister

South African Prosecutors Drop Case against Finance Minister

Monday, 31 October 2016 06:56 AM EDT

JOHANNESBURG (AP) — South African prosecutors have dropped fraud charges against the finance minister and two former tax officials, reversing a decision that was criticized by many South Africans and deepened concern about the country's economy and political leadership.

The National Prosecuting Authority said Monday that Finance Minister Pravin Gordhan, who was due in court Wednesday, will not be prosecuted for approving an early retirement package for a former tax official who continued to work on contract.

Shaun Abrahams, director of the National Prosecuting Authority, says it would be difficult to prove that Gordhan intentionally acted in an unlawful way.

Abrahams has said the move against Gordhan was not politically motivated. However, there is speculation that government factions close to President Jacob Zuma want to undermine Gordhan and take control of the treasury.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Africa
South African prosecutors have dropped fraud charges against the finance minister and two former tax officials, reversing a decision that was criticized by many South Africans and deepened concern about the country's economy and political leadership.The National Prosecuting...
AF,South Africa,Finance Minister
132
2016-56-31
Monday, 31 October 2016 06:56 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved