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South Africa's Zuma says has confidence in finance minister, can't intervene in probe

ANC leader Jacob Zuma greets supporters during his election campaign in Atteridgeville, South Africa July 5, 2016. REUTERS/Siphiwe Sibeko/File Photo (Reuters)

JOHANNESBURG (Reuters) - South African President Jacob Zuma said on Thursday he has full confidence in Finance Minister Pravin Gordhan, who is under police investigation over a suspected spy unit at the tax service. Zuma said he could not intervene in the investigations despite the negative impact the probe has caused on the economy, according to a statement released by the presidency. The rand, which had tumbled since Tuesday in response to the investigation, extended gains to 1.3 percent after Zuma's statement. (Reporting by James Macharia; editing by John Stonestreet)