Johannesburg, South Africa | AFP | Pravin Gordhan, who was sacked late Thursday, is liked and admired by many ordinary South Africans — an unusual achievement for any finance minister. He held onto the purse strings for longer than many analysts expected after he was parachuted into the job in …
Read More »SOUTH AFRICA: Zuma sacks finance minister in shock reshuffle
Johannesburg, South Africa | AFP |South African President Jacob Zuma sacked his finance minister and made ten new cabinet appointments late Thursday in a dramatic reshuffle which could split the ruling ANC party. The African National Congress, which led the fight against apartheid and came to power under Nelson Mandela …
Read More »South African finance minister to be prosecuted for fraud
Johannesburg, South Africa | AFP | South African Finance Minister Pravin Gordhan will be prosecuted for fraud, officials said Tuesday, in a move that sent the rand tumbling over concerns about political rivalry and the country’s fragile economy. Gordhan, 67, was appointed only late last year to calm panicked investors …
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