AS IT HAPPENED: SACP supports Gordhan, condemns Guptas

2017-03-30 09:54

SACP second deputy general secretary Solly Mapaila has come out in strong support of Pravin Gordhan and clarified his organisation's stance against Gordhan's removal, while also condemning President Jacob Zuma's alleged ties to the Gupta family.

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Mapaila concludes the briefing. 


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Zuma in a corner over Cabinet reshuffle - economist 

South Africa is now much further along the path towards a Cabinet reshuffle, although there’s still the chance that the move will meet strong resistance and not happen, Nomura emerging markets economist Peter Attard Montalto said in a company note on Wednesday night.

Montalto is of the view that Brian Molefe, reportedly favoured by President Jacob Zuma, would be the most likely candidate to replace Finance Minister Pravin Gordhan. 

“However, we don’t believe any candidate will be market-positive. President Zuma is taking a very large, though calculated, risk here that his majority within the National Executive (NEC) does not fracture and that a rebel ANC caucus in parliament does not manage to remove him.

“As such, this will be a real test of his stock of political capital and the lack of action of his opponents (until now at least),” Montalto said.  


30 Mar 11:21

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Mapaila says the SACP rejects corruption and the abuse of state organs. 


30 Mar 11:20

Mapaila: "The decision to pull out of the alliance, it's a bigger decision. It's a decision that will not come lightly, because it's a decision that could destroy this revolution.

"Our first choice is to rescue the ANC from the abyss that it has fallen into, because of factionalism."

"Defending our revolution is extremely important."  


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"We are not friends in the revolution, we are comrades," Mapaila says, stressing that Zuma and Gordhan don't have to be friends or get along in order to work together. 


30 Mar 11:14

Mapaila responds: "The main intention was not to expose the confidential nature of the discussions...  

"The most important thing for us was to indicate that yes we were consulted, and we did not agree. Because the impression created was that we agreed, but we didn't agree." 


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Meanwhile, at Parliament... 


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Mapaila mentions the Guptas. 


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30 Mar 10:53

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