If you don’t know how the Gordhan/Zuma endgame is going to play out, you are not the only one. The various events that have taken place over the past two weeks have heightened an increasingly blatant political war between President Jacob Zuma and Finance Minister Pravin Gordhan, but they still have not given an indication of how it will end. For the moment there are several possible scenarios. Firstly, it is possible that Zuma still intends on using the fraud case as a reason to fire Gordhan and reshuffle the Cabinet. It may seem like madness, but the many rumours that have circulated over the past two months about possible Cabinet reshuffle dates suggest that this option will be on the agenda at some point. It goes without saying that the economic and political fallout from doing so would be catastrophic for everyone – including Zuma. The resultant capital flight would mean that a ratings downgrade would follow shortly after, and it would trigger an emergency meeting of the ANC’s t...
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