Rand strengthens in wait for Zuma decision - 6th Apr 2009
The National Prosecuting Authority was expected to announce on Monday morning whether it would proceed with corruption charges against Jacob Zuma, the country's likely next president.Acting NPA head Mokotedi Mpshe was scheduled to hold a press conference in Pretoria after weeks of speculation, reported to be driven in part by Zuma's allies, that he would scrap the prosecution of the ANC leader eight years into the case, and two weeks before the elections.
Much of the speculation has centred on secret tape-recordings allegedly revealing that former president Thabo Mbeki conspired with the NPA to put his political rival in the dock for corruption linked to the arms deal.
International and local investors wait in anticipation and the financial markets show a jittery Rand, that tested the 9 Rand mark to the dollar this morning and saw the Euro at R 12.15.
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