Zuma should have to explain ‘unbridled recklessness’ of latest Gordhan move, says Save SA
The recall of the finance minister and his deputy has put political risk back in the spotlight as a rating review looms
The Save SA campaign would like to see President Jacob Zuma hauled before Parliament to explain his "unbridled recklessness" in calling Finance Minister Pravin Gordhan and Deputy Finance Minister Mcebisi Jonas back from an overseas investment roadshow. "These visits have been carefully planned with business and labour as part of South Africa’s efforts to stave off a downgrade of our sovereign investment status," Save SA said. "It is an initiative that the president himself has endorsed." The order for the minister and his deputy to return immediately from London has put political risk back in the spotlight — with a rating review by Moody’s imminent — and the rand weakened in response on Monday. After hitting a new 20-month best level of R12.31 against the dollar in opening trade, the rand plunged more than 4% or 52c to an intraday worst level of R12.8295/$ in afternoon trade.
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