FINANCE minister Pravin Gordhan has exploded out of the blocks in a last-ditch effort to perform three simultaneous mini-miracles: keep SA from slipping into junk status; reorientate government spending to reflect a new global reality; and save the Zuma presidency from, apart from anything else, itself.It’s impossible not to wish him the best, while noting that his room for manoeuvre is frighteningly tight. What does he need to succeed?One important thing he must have is the backing of business, something this administration has largely ignored until now. So it was gratifying to hear that Gordhan had successfully convened a large group of business leaders last week. More than 60 chief executives met at the Nedbank office in Sandton. That’s quite a feat, but it also reflects the level of concern.SA, as we know, is a political place; we get tied up in politics, frustrated by it, obsessed by it and occasionally inspired by it. But actually, the engine room is the private sector. Govern...
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