Gordhan going, Molefe not in running to replace him, say reports
Former finance minister Nhlanhla Nene is apparently also not in line to get his old job back
The ANC’s top six have approved the removal of Finance Minister Pravin Gordhan, ANN7 television reported on Tuesday, citing sources. ANC secretary-general Gwede Mantashe, one of the ANC’s top six, told Reuters he could not comment on the report. ANN7 also reported that Brian Molefe, former head of state utility Eskom, and former finance minister Nhlanhla Nene, were not in the running to replace Gordhan. There were rumours at lunchtime on Tuesday that Gordhan would resign, but Treasury spokeswoman Yolisa Tyantsi said she had no knowledge of such a plan. President Jacob Zuma on Monday abruptly ordered Gordhan and his deputy, Mcebisi Jonas, to return from a UK investor roadshow, a move that spooked investors and sparked speculation that a long-expected Cabinet reshuffle was imminent. The rand was about 2% weaker at lunchtime on Tuesday, in volatile trade. “Were Pravin Gordhan to actually be removed, we think that the rand could fall by another 5% against the dollar,” Capital Economics ...
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