The rand slid against the dollar on Wednesday morning on fears that Gordhan will be arrested..
A boy was killed early on Monday morning at an initiation school in Lady Frere, Eastern Cape police said.
Siphamandla Malgas, 17, was stabbed in the chest around 6am while in the company of other boys at the school, Lt Pumzile Makaula said.
“It is alleged that they were drinking throughout the night.”
Police believed Malgas was stabbed during a fight over alcohol.
He was declared dead on arrival at a local hospital.
“No arrests have been made as all the boys were drunk and are not able to identify the suspect.”
Police are investigating.