Zwane refuses to account for his mooted probe on Banks

By Drum Digital
07 September 2016

Minister of Mineral Resources, Mosebenzi Zwane, tells MP's that they have no jurisdiction to tell him to resign.

By Ayanda Sitole

Mineral Resources Minister Mosebenzi Zwane has refused to account to Parliament for his controversial statement claiming that Cabinet had approved a probe on banks’ decisions to shut down accounts belonging to a Gupta-owned company.

DA MP David Maynier asked Zwane during the sitting of the National Assembly whether he’d resign following the incident.

“The DA has no jurisdiction to ask me to resign,” Zwane replied. “It is up to the President to decide if the inquiry should take place.”

Zwane issued the controversial press statement last week, saying Cabinet had recommended that President Jacob Zuma should set up a commission of enquiry to probe banks. The statement   stated that when banks terminated relationships with the Gupta-owned Oakbay Investments,  they did so in collusion.

The Presidency later issued a statement saying Zwane was speaking in a personal capacity on the matter, adding that this was not the view of Cabinet

The ANC, SACP and Cosatu have called on Zuma to sanction Zwane for the gaffe.

The opposition in Parliament objected to the way Speaker Baleka Mbete handled the session saying she was shielding Zwane from accounting to the House.

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