Zuma: Treasury standing in way of transformation
The president could be ‘preparing the ground’ to remove Finance Minister Pravin Gordhan, who is battling Jacob Zuma’s family friends, the Guptas
President Jacob Zuma hit out at the Treasury at the ANC’s lekgotla for frustrating the party’s economic transformation agenda, sources who attended last week’s three-day meeting said. The sources said Zuma had criticised the Treasury for not availing funds for certain projects, saying his ministers constantly complained about being inadequately resourced by the Treasury to carry out their mandates. Zuma’s attack is expected to heighten the tensions between his backers and the Treasury in the run-up to the December elective conference of the ANC. Finance Minister Pravin Gordhan is embroiled in a court battle with Oakbay Investments, a company owned by Zuma’s family friends, the Guptas. ANC formations, such as its youth and women’s leagues, strong backers of the president, have called for the removal of Gordhan from the Treasury. Gordhan and the Treasury are seen as a stumbling block to implementing projects favoured by the president, including the nuclear-build programme. The sources...
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