Cape Town - Finance Minister Pravin Gordhan and his
deputy Mcebisi Jonas have been instructed to return immediately to South Africa
and cancel the international investment promotion road show to the UK and US.
This is according to high-placed sources, who cannot be
named because the reshuffle has yet to be made public.
It is expected that Gordhan will be replaced by Brian
Molefi as Minister of Finance. More cabinet reshuffling is expected.
Up to nine ministers might be replaced before the end of
March, sources confirmed to Business Report Online on Monday.
This news comes as Gordhan is set to lead a high-level
delegation to the US and UK to meet credit rating agencies and investors.
Read also: Gordhan unperturbed by Molefe reports
This latest round of international roadshows was a
follow-up to similar ones held last year where Team South Africa, made up of
the social partners of government, labour, and business, were able to convince
credit rating agencies and investors that they were working together to tackle
structural problems facing South Africa.
Molefi’s appointment as a Member of Parliament had raised
rumours that he was set to oust Gordhan, who has been said to be in the firing
line over his taking on the Gupta family, who are said to be close friends of President
Jacob Zuma.
The Guptas had been accused of capturing the state,
although this has been hotly denied by both the controversial family and Zuma.
BUSINESS REPORT
ONLINE