Zuma denies rift with Gordhan
Zuma denies rift with Gordhan

Zuma denies rift with Gordhan

Denver Isaacs


President Jacob Zuma has denied there was a rift between himself and Finance Minister Pravin Gordhan and has assured South Africans that he would not fire Gordhan from his post.
In the same vein he has refused to fire SARS boss Tom Moyane over the stand-off with Gordhan.
Zuma said yesterday a mechanism was being sought to find a workable solution between Gordhan and Moyane.
He said there were no clashes between him and the minister of finance as reported at the weekend.
“Other reports have insinuated that the position of minister Gordhan could be in jeopardy.
“The president wishes to emphasise that minister Gordhan remains the minister of finance and any positing that the position of the minister is under any threat is dismissed with the contempt it deserves,” said presidential spokesman Bongani Majola.
Majola added that Moyane and Gordhan would find a workable solution to their differences.
Zuma was forced to recall Gordhan to his old post last December after the disastrous axing of Nhlanhla Nene.
On his return to the Treasury, Gordhan has been caught in a stand-off with Moyane.
Moyane briefed Parliament late last year on his restructuring of the SA Revenue Service (SARS).
On Friday Gordhan accused a group of people of trying to destabilise the economy and the country after he was sent a list of 27 questions by the Hawks.
The Hawks have confirmed that they are investigating a “rogue unit” at SARS when Gordhan was head.
The minister has received backing from the ANC, with the ruling party warning of people wanting to destabilise the country.
Gordhan has also received support across parties in parliament. Opposition parties including the DA have called for a further probe of the conflict between the minister and Moyane.
The stand-off has been going on since his return to the Treasury in December last year.
Moyane is reported to have continued with restructuring plans despite warnings by Gordhan to halt them.
It has been reported that this was a proxy war between Zuma and Gordhan.
However, Zuma denied this, saying the problems between the two men would be resolved.
Gordhan and other ministers are expected to shed more light on how to get the economy out of the woods and get beyond projected growth of less than 1%, in parliament today.
Opposition parties warn that South Africa could follow Brazil, which was downgraded to junk status last week by ratings agency Moody’s for failing to implement structural reforms in the economy.
The DA’s David Maynier wants Gordhan to produce a turnaround to avoid a ratings downgrade.

THE MERCURY

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Namibian Sun 2024-04-26

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Premier League: Brighton 0 vs 4 Manchester City | Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth | Arsenal 5 vs 0 Chelsea SerieA: Udinese 1 vs 2 AS Roma European Championships Qualifying: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton English Championship: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton Katima Mulilo: 16° | 33° Rundu: 16° | 33° Eenhana: 16° | 35° Oshakati: 17° | 34° Ruacana: 17° | 35° Tsumeb: 18° | 32° Otjiwarongo: 14° | 31° Omaruru: 16° | 34° Windhoek: 15° | 29° Gobabis: 18° | 30° Henties Bay: 15° | 22° Wind speed: 26km/h, Wind direction: S, Low tide: 10:31, High tide: 04:30, Low Tide: 22:38, High tide: 16:57 Swakopmund: 15° | 18° Wind speed: 28km/h, Wind direction: SW, Low tide: 10:29, High tide: 04:28, Low Tide: 22:36, High tide: 16:55 Walvis Bay: 16° | 26° Wind speed: 34km/h, Wind direction: SW, Low tide: 10:29, High tide: 04:27, Low Tide: 22:36, High tide: 16:54 Rehoboth: 17° | 31° Mariental: 20° | 34° Keetmanshoop: 22° | 34° Aranos: 20° | 33° Lüderitz: 13° | 24° Ariamsvlei: 20° | 35° Oranjemund: 17° | 30° Luanda: 26° | 29° Gaborone: 18° | 27° Lubumbashi: 11° | 25° Mbabane: 13° | 17° Maseru: 9° | 23° Antananarivo: 14° | 27° Lilongwe: 14° | 26° Maputo: 18° | 25° Windhoek: 15° | 29° Cape Town: 15° | 27° Durban: 17° | 22° Johannesburg: 15° | 23° Dar es Salaam: 23° | 31° Lusaka: 17° | 26° Harare: 14° | 26° Currency: GBP to NAD 23.38 | EUR to NAD 20.08 | CNY to NAD 2.6 | USD to NAD 18.83 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.68 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.22 | USD to AOA 834.06 | USD to BWP 13.79 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1329.44 | USD to ZAR 18.83 | USD to ZMW 26.6 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74329.37 Down -0.25% | Namibian Stock Exchange (NSX) Overall Index 1642.69 Up +6.30% | Casablanca Stock Exchange (CSE) MASI 13346.81 Up +0.49% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 333.12/OZ UP +0.10% | Copper US$ 4.52/lb UP +0.24% | Zinc US$ 2 853.60/T DOWN -0.03% | Brent Crude Oil US$ 89.18/BBP UP +0.32% | Platinum US$ 911.22/OZ DOWN -0.0051