There would have been anxious eyes trained on last week’s election results in the Pretoria offices of Africa’s largest money manager, the Public Investment Corp (PIC). In recent weeks, the corridor talk suggests that after the election President Jacob Zuma will reshuffle his cabinet, with dire consequences for SA’s fiscal institutions.In particular, one man said to be in the firing line for "redeployment" is deputy finance minister Mcebisi Jonas, who last year blew the whistle on how he’d been secretly offered his boss’s job by the Gupta family.This would be acutely troubling — not least because Jonas chairs the PIC, a position held automatically by the deputy minister. Now, the PIC controls R1.8trillion in government employees’ pensions, so it’s a role in which you’d want someone with pretty unshakeable ethics.Jonas fits the bill: you don’t brand the president’s friends as liars unless you have a pretty unyielding personal conscience.Those touted as his replacement include Sfiso Bu...
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