the presidency is denying that pravin gordhan is at risk of being arrested. rdhan clearly is a man with a great deal of respect around the world. he is struggling to do the job the people want him to do. is adjust a believe now that he does not have the backing of senior figures within the amc. how is the impact and what is happening in terms of market pricing and the rand? reporter: good morning, guy. there is speculation on whe ther finance minister pravin gordhan can hold onto his doubt. he has been charged with espionage, possibly arrested, and possibly fired. this has weighed heavily on the markets. also felt that speculation, that is definitely indicating that investors are not happy with that kind of uncertainty. uncertainty has been ripe in south africa and weighed heavily on the markets since the former finance minister was fired in december. they are trying to rescue the situation and wave off a credit rating downgrade, but the effort seem to be undermined by possibly a political force that are trying to seek for him two possibly be charged and arres

pravin gordhan denied accusations that he was involved in espionage.ent, he said those claims wer e malicious. what is going on surrounding pravin gordhan? we are days away from very critical ratings reviews. we have the finance minister embroiled in this scam. what is at stake here? >> good morning, guy. we have the finance minister really embroiled in what seems t o be a political battle. he came out and broke his silence last night, denying any allegations that he was involved in the illegal gathering of intelligence and possibly, spying on taxpayers. he came out saying the rumors were malicious and he wanted to call on south africans to protect the workers of the treasury. this seems to be an attack on the treasury. 's reputation and authority are at stake. -- his reputation and authority are at stake. companies are watching this closely. what we do know is s&p global ratings is assessing the country. this is not going to bode well, especially as the credit ratings agencies have said this is a critical factor in their assessment. guy: let's talk ab