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S.African finance minister to be prosecuted for fraud

JOHANNESBURG: South African Finance Minister Pravin Gordhan will be prosecuted for fraud, officials said Tuesday, in a move that sent the rand tumbling over concerns about political rivalry and the country's fragile economy. Gordhan, 67, was appointed only late last year to calm panicked investors after President Jacob Zuma sacked two finance ministers within four days. Since then, Gordhan has regularly clashed with Zuma loyalists after vowing to battle poor governance and graft in a government that has been engulfed by…