Gordhan and Jonas ‘on their way out’ as fight over Treasury reaches a tipping point
The only questions remaining are: who will replace them and when will they be axed?
Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas are on their way out of President Jacob Zuma’s Cabinet, Business Day has reliably learnt. The only questions remaining are: who will replace them and when will they be axed? It is unlikely to take place ahead of Ahmed Kathrada’s funeral though, as many ministers are expected to attend. The political fight around the Treasury reached a tipping point this week after Zuma recalled the South African delegation from an investor road show in the UK and the US. The removal of the two is expected to have far-reaching consequences, politically and economically. The rand plummeted about 52c against the dollar on Monday and remained weaker in late afternoon trade on Tuesday as the cloud of a reshuffle hung heavy. If you are already a subscriber, please click on the following link below to go to the full article: Gordhan and Jonas ‘on their way out’ If you would like to subscribe to BusinessLIVE Premium to read the full story, please...
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