Disaster for economy if Gordhan is arrested: DA

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Co-operative Governance Minister Pravin Gordhan says municipalities around the country owed Eskom R10.8 billion at the end of June.

  • View a timeline of the troubles in Treasury, by clicking here.

CAPE TOWN - The DA warns that if Finance Minister Pravin Gordhan is arrested, it would spell disaster for the economy.

The rand has tumbled after news that Gordhan has been summoned to report to the Hawks on Thursday.

After a strong run in recent weeks, the local currency has again breached the psychological R14 barrier.

It&39;s now trading at around R14.14 (at 10.38am) to the greenback, its lowest level in almost a month.

That&39;s after strengthening to a high for the year of R13.21 last week.

"You can already see depreciated the currency. If the minister were arrested, that would be a disaster for the economy," said the DA Shadow Finance Minister David Maynier.

Gordhan&39;s office says he received correspondence from the crime unit on Monday, adding that he&39;s now taking legal advice.

The Hawks have been investigating the establishment of a so-called spy unit within the Revenue Service.

The unit has since been shut down.

Three former SARS executives have also been told to report to the Hawks.

It&39;s also been reported that Sars is probing tenders awarded between 2007 and 2014.

Gordhan was at the helm of the revenue service between 1999 and 2009.

* Watch the interview with Maynier in the gallery above.

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