Rand plummets as Zuma concludes meeting with ANC top six over Gordhan reshuffle
He is now expected to meet cabinet ministers individually this evening ahead of a cabinet reshuffle
President Jacob Zuma has concluded a meeting with the top leaders of the ANC. He is now expected to meet cabinet ministers individually this evening ahead of a cabinet reshuffle. As news of the meeting broke, the rand lost ground and was trading at R13.08 to the dollar. The meeting with the ANC's top six leaders is said to have lasted close to 3 hours. This after Zuma summoned the group at short notice to a meeting in Pretoria on Thursday evening. The ANC's top six consist of Zuma‚ Cyril Ramaphosa‚ Gwede Mantashe‚ Jessie Duarte‚ Zweli Mkhize and Baleka Mbete. ANC officials were given a message to meet the president at 6.30PM at his presidential home‚ Mahlambandlovu. The President's office were tasked at communicating the message late Thursday afternoon and the officials were made to go to Pretoria at short notice. This meeting comes three days after Zuma told the ANC top six meeting that he wanted to remove finance minister Pravin Gordhan and his deputy Mcebisi Jonas. Only in except...
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