LISTEN: Weakness of the rand a sign of political instability - economist
An economist is weighing in on the weakness of the rand after reports that Finance Minister Pravin Gordhan is being sought by the Hawks.
Reports emerged last night that Gordhan and four former SA Revenue Service officials are to report to the crime fighting unit's offices tomorrow.
The Hawks are investigating a SARS tax surveillance unit established in 2007.
The rand took a hit when the news broke - trading at three-week lows.
Economist Dawie Roodt says this is a sign of political instability.