Gordhan out, Dlamini-Zuma in?

Die Vryburger

Gordhan out, Dlamini-Zuma in?
Finance minister Pravin Gordhan, his deputy Mcebisi Jonas - Image - The Conversation

The country’s finance minister, Pravin Gordhan’s attempt to see investors and rating companies to enlighten them on business in South Africa, ended with a with a call from the head of state Jacob Zuma who insisted that Gordhan and his deputy return from London.

Zuma had no reason for taking this sudden and astonishing decision, but it is speculated that Zuma is planning a long-awaited cabinet reshuffle.

It is known that Brian Molefe and Nkosazana Dlamini-Zuma were appointed members of parliament to increase his personal support base and there is a high possibility that Jonas and Gordhan can be fired.

In response to Zuma’s strange behavior, there was an immediate weakening of the rand/dollar exchange. Economists criticize Zuma for the decision and believe the Rand has once again come under intense pressure.

Also, FF + sharply criticized Zuma, in a statement, MP Anton Alberts said the possibility of the tour to Britain and later to the United States had not been authorized, is simply not credible. Such a visit would have to be carefully planned and approved in advance to implement the necessary structures.

“The mere fact that President Zuma has not given a reason is evidence to let the red lights flash and amounts to nothing more than a deliberate harming of the economy. He must have known the consequences of such action would provide, but now he is once again silent,” said Adv. Alberts.

Adv. Alberts even went so far as to say that there is speculation about people in the president’s investment positions who knew the Rand was strong and this action would increase the chance of the Rand falling after such an announcement.

“The great irony is that Minister Gordhan and his deputy Mcebisi Jonas just left for an extensive tour to attract investors. Now the tour has turned into a spectacle that will scare off investors.

“Whatever the reason for the minister’s recall, all these positive things are swept up in one quote made by President. Zuma’s incredibly thoughtless actions,” said Adv. Alberts.

Read the original article in Afrikaans on Die Vryburger

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