On Tuesday, NPA head Abrahams announced that Gordhan had been issued with a summons to appear before the court on charges of fraud. The rand and stocks tumbled. This relates to Pillay's early retirement pay out.
"We welcome today's remarks by the Head of the NPA, Advocate Shaun Abrahams, rejecting claims of political interference in the prosecutorial process", the ANC said.
He is expected to be joined by members of the Kathrada Foundation board including former President Kgalema Motlanthe, Tourism Minister Derek Hanekom, struggle stalwarts Laloo Chiba, Sophie Williams-de Bruyn, Max Sisulu and others.
The risk of a downgrade and increased policy uncertainty "are largely discounted by the market and South African bonds trade cheap to fair value", Regis Chatellier, a London-based emerging-market strategist at Societe Generale, said in a note on Thursday.
Zuma denies any plot to remove Gordhan.
"It is quite clear that these legal proceedings are contaminated by abuse for political ends".
Gordhan said they wanted to find ways to work with provinces to contain and cut expenditure while at the same time helping provinces to understand that they could collect more revenue in order to support the amount of money the province would have to spend.
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"Otherwise we would never have taken the matter to court".
"The presumption of innocence until proven guilty remains a sacrosanct principle of our law and the ANC has full confidence in our judiciary to act as final arbiters in these matters", ANC national spokesperson Zizi Kodwa said.
S&P Global Ratings and Fitch Ratings, both to consider their credit assessments in December, kept their ratings at one level above junk in June, and S&P kept its outlook at negative.
Former ANC Treasurer General Mathews Phosa said Zuma's camp was keen to push through expensive state projects, including a nuclear power programme that could cost up to 1 trillion rand and a new fleet for the loss-making state airline. Many commentators and political insiders believe the allegations against the three men are politically motivated and created to sideline the finance minister from participating in the national treasury's corruption investigations. It was the latest twist in a saga that began in December when President Jacob Zuma fired then Finance Minister Nhlanhla Nene and replaced him with a little-known lawmaker.
The announcement that Gordhan will be charged followed disagreements with Zuma over the management of state-owned enterprises and the national tax agency.
Zuma was questioned last week by an anti-corruption watchdog over allegations his wealthy business friends influenced political appointments and were given sweetheart government tenders worth billions of rand.
In his statement issued on Tuesday evening, Mr Gordhan said that he "wishes to assure South African citizens that he will continue to serve the country as long as called to do so by the president".