South African president Jacob Zuma danced the night away at a banquet in Kenya on Tuesday evening while the country’s institutions burned and its future economic state has again been put in jeopardy.<\/p>\n
Kenyan president, Uhuru Kenyatta hosted a state banquet in Nairobi,in honour of Zuma and his wife Sizakele Zuma. The president is on a state visit to the African country.<\/p>\n
South Africa meanwhile faces a difficult end to the year amid continued student protests which have become violent, and have caused hundreds of millions of rands in damages to property.<\/p>\n
News24 meanwhile, reported that bank stocks lost R34 billion on Tuesday after finance minister Pravin Gordhan was summoned to appear in court on fraud charges.<\/p>\n
Prosecutors alleged Gordhan illegally authorised a colleague\u2019s early retirement and established an illicit investigative unit when he was the head of the national tax agency almost a decade ago.<\/p>\n
Gordhan said the move is politically motivated and without merit. He is due to appear in court on November 2, one week after he\u2019s expected to deliver South Africa\u2019s mid-term budget.<\/p>\n