The Financial Services Board (FSB) said on Monday night it had found no evidence that insiders had known President Jacob Zuma intended firing Pravin Gordhan as finance minister in the last week of March. The FSB said its directorate of market abuse (DMA) had concluded that currency futures contract trades done before March 27, when Gordhan was ordered back from London, “were undertaken in the normal course of business by institutional investors who at the time that they traded had no prior knowledge that Mr Gordhan would be recalled from the roadshow”.

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