Home / BBC News / South Africa’s President Zuma sacks finance minister

South Africa’s President Zuma sacks finance minister

Pravin Gordhan. File photoImage copyright AFP
Image caption Pravin Gordhan has been seen as standing up to President Zuma in cabinet

South Africa’s President Jacob Zuma has dismissed Finance Minister Pravin Gordhan after days of speculation that rocked the country’s markets,

Mr Gordhan will be replaced by Malusi Gigaba, said a statement issued late on Thursday by the preisdent’s office.

Earlier this week, President Zuma recalled Mr Gordhan from planned events in the UK and US.

Sfiso Buthelezi will become Deputy Finance Minister, replacing Mcebisi Jonas.

“I have directed the new ministers and deputy ministers to work tirelessly with their colleagues to bring about radical socioeconomic transformation and to ensure that the promise of a better life for the poor and the working class becomes a reality,” President Zuma’s statement said.

Last October, Mr Gordhan was charged with fraud – but the charges were later dropped.

He has described the allegations as politically motivated.

Mr Gordhan has been seen as standing up to President Zuma in cabinet and has warned against corruption becoming rampant.

The South African Communist Party, an ally of the governing African National Congress, had earlier lodged a formal objection to plans to dismiss Mr Gordhan, who is widely respected internationally.

Many senior ANC figures also opposed the finance minister’s removal.

Check Also

Zimbabwe latest: Defiant Mugabe makes first public appearance

Media playback is unsupported on your device Media captionMr Mugabe wore blue and yellow robes …

Zimbabwe latest: Mugabe ‘resisting calls to resign’

Image copyright AFP / ZBC Image caption Mr Mugabe (second right) under house arrest, posing …

US senator Al Franken apologises for grope caught on camera

Image copyright KABC Image caption Franken said the photo “was clearly intended to be funny …

Zimbabwe awaits news on Robert Mugabe future

Media playback is unsupported on your device Media captionRobert Mugabe: From war hero to president …

Zimbabwe takeover seems like a coup, African Union says

Media playback is unsupported on your device Media captionZimbabweans react to the news that troops …