Banking Association denounces NPA for costly ‘persecution’ of Gordhan
Heads must roll for the NPA harming SA’s economy and reputation with its “persecution” of Finance Minister Pravin Gordhan, says the Banking Association of SA
The Banking Association of SA (Basa) has hit out at the "costly saga" of state institutions targeting Finance Minister Pravin Gordhan. This was in reaction to Monday’s announcement by the National Prosecuting Authority (NPA) of its decision to withdraw charges against Gordhan and two other former SARS officials, Oupa Magashula and former deputy commissioner Ivan Pillay. The trio were charged over Gordhan’s approval of an early retirement for Pillay in 2010, when Gordhan was commissioner of the SARS and Pillay his deputy. Magashula is also a former SARS commissioner. NPA head Shaun Abrahams said on Monday he overruled the decision to prosecute – a decision made by his subordinates – after finding that trio had acted lawfully. The rand strengthened to R13.56/$ after the charges were dropped, the best level since October 3. Basa said on Monday: "We firmly believe the NPA failed to give reasonable consideration to the facts at hand before they proceeded to charge the minister and the t...
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