Zuma implicates one of SA's richest: Johann Rupert destabilised Rand

Zuma implicates one of SA's richest: Johann Rupert destabilised Rand

Jacob Zuma has implicated one of the country's richest men in destabilising the economy after Pravin Gordhan was fired as a minister. The former president told the State Capture Inquiry that Johann Rupert had interfered with the value of the Rand.

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Jacob Zuma has accused Johann Rupert of threatening to destabilise the South African economy after Pravin Gordhan was booted as minister.

Deputy-Chief Justice Raymond Zondo heard that Zuma had learnt of Rupert's alleged threats from Transport Minister Fikile Mbalula.

Zuma claimed that Mbalula had attended an event at one of the billionaire's farms, where he had supposedly learnt of the plan, reports IOL.

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READ ALSO: Live Stream: Zuma back at inquiry for day 2 of bombshell testimony

Mbalula was sports minister at the time, reportedly informing Zuma that if he were to remove Pravin Gordhan, Rupert and others would 'shut down the economy' and interfere with the nation's currency.

Zuma testified that 'they' did indeed interfere with the rRand, telling the commission that one person had already admitted to this.

The former president continues his testimony today at the commission. Briefly.co.za will be posting live updates, which you can follow here.

Rupert is a South African entrepreneur, the eldest son of tycoon Anton Rupert. Johann is the chair of Swiss-based luxury-goods company Richemont and SA-based Remgro,

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Source: Briefly.co.za

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