×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Union federation Cosatu has expressed support for Finance Minister Pravin Gordhan, and has called on former Eskom CEO and recently appointed ANC MP Brian Molefe to explain why he resigned from the state utility. Gordhan’s future has been a source of feverish speculation. Many believe that Molefe is in line to replace Gordhan as finance minister in a Cabinet reshuffle. On Thursday, Cosatu said Molefe must "account on why he resigned at Eskom and answer all allegations levelled against him and others". An investigation by former public protector Thuli Madonsela last year found Molefe to have used his influence at Eskom to facilitate coal contracts for a company owned by members of the Gupta family‚ who are close to President Jacob Zuma. Molefe denied the allegations. Cosatu also said it agreed with remarks made by Gordhan during his recent budget speech in Parliament. "Cosatu CEC (central executive committee) agrees with the Minister of Finance, Pravin Gordhan, that a radical economic...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now