ANC treasurer Zweli Mkhize has moved to calm jitters in business circles about ructions related to Finance Minister Pravin Gordhan, the Treasury and the Reserve Bank after a tumultuous two weeks in SA politics. In a frank address at the Sanlam board cocktail function in Sandton, Johannesburg, on Tuesday, Mkhize touched on all issues which have hurt confidence in recent weeks, but avoided the issue of growing calls from inside and outside the ANC for the removal of President Jacob Zuma. Mkhize assured business that the ANC, Zuma and Deputy President Cyril Ramaphosa all supported Gordhan. Further, the party "trusted the Treasury to run fiscal policy and the department had the full support of the government" in what they were doing. He said the country’s financial institutions were strong and that the Reserve Bank remained "independent and autonomous". "That is not up for debate, all of us know it," he said. This was after ANC deputy secretary-general Jessie Duarte described the indepe...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.