Friday 31 March 2017

South Africa's President Zuma sacks finance minister




South African President Jacob Zuma, Finance Minister, Pravin Gordhan speculation that shook the country and the currency markets after a day dismissed.
Mr Gordhan will be replaced by Gigaba Malus - a statement late Thursday, according to the president's office.
Earlier this week, Mr. President Zuma recalled Gordhan British measures.
Sfiso Buthelezi will become the Deputy Finance Minister, replacing Mcebisi Jonas.
President Zuma also some other changes in the cabinet.

Last October, Mr. Gordhan is charged with fraud, but later dropped the charges.
He described the charges as politically motivated.
Image copyrightREUTERS
Image Caption
President Jacob Zuma increasing pressure to step down
Mr Gordhan Zuma as president to the cabinet and warned against widespread corruption.
South African Communist Party, the ruling African National Congress (ANC) ally, presented earlier by Mr. Gordhan, who is widely respected internationally dismissed plans for a formal objection.
Many in the opposition against the removal of the Minister of Finance.
Meanwhile, the Democratic Alliance, South Africa's main opposition party, said Parliament, call for a vote of no confidence in President Zuma.
Mr Gordhan calls in South Africa caused by the loss of 5% in the UK earlier this week, the apex of its value against the major currencies.
Mr Zuma pressure to resign amid allegations of corruption involving numerous and larger.
He denies the allegations.




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