JOHANNESBURG (Reuters) - South African elite police unit, the Hawks, said on Tuesday it would exercise its "constitutional powers" after Finance Minister Pravin Gordhan failed to meet a second deadline to answer its questions, weakening the rand further.
"The minister, for whatever reasons, has failed to meet the SECOND deadline for answering questions and our legal team are forging a way forward which will see the Hawks exercising our constitutional powers," the Hawks said in a statement.
"The investigations will not be stalled by an individual who refuses to comply with the authorities and demand a preferential treatment."
The rand extended losses against the dollar after the Hawks statement, falling more than 2 percent to 15.8570.
(Reporting by Tiisetso Motsoeneng and Stella Mapenzauswa; Editing by James Macharia)