Gordhan saga a 'tragedy' - FW de Klerk

2016-08-26 16:06
FW de Klerk (File, Beeld)

FW de Klerk (File, Beeld)

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WATCH: De Klerk says floodgates of corruption wide open

2016-03-17 18:07

FW de Klerk says under the current administration "the floodgates of corruption have been thrown wide open."WATCH

Johannesburg - The Hawks are "arrogant" and the action they are taking against Finance Minister Pravin Gordhan is a "tragedy", former president FW de Klerk said on Friday.

"What is happening around the minister of finance is a tragedy. He is adopting an attitude that he is guilty of nothing. He has given all explanation he has been asked to give. I think he is within his rights in doing so."

De Klerk was speaking at the launch of the Centre for Unity in Diversity and said the way the matter was handled by the Hawks was arrogant and unacceptable.

"The way in which it is being handled, and I perceive it to be a form of arrogance in the Hawks, is unacceptable and it is harming the interests not only of Gordhan, it is harming the interests of all South Africans."

Fin24 reported that the rand is headed for the biggest weekly drop since December against the dollar as a statement of support by President Jacob Zuma failed to ease investor concern that Gordhan may be replaced.

The Presidency released a statement shortly after news broke that the Hawks were pursuing Gordhan.

Zuma accused of trying to take control

In its statement, Zuma said he has "full confidence" in Gordhan.

He added, however, that he does not have the power to stop any investigations into any individuals.

Opposition parties and some independent analysts have accused Zuma of trying to gain greater control of Treasury to further his and his allies' economic interests before his second and final presidential term ends in 2019. He has denied the allegation, Fin24 reported.

The rand has declined 4.8% this week. It's set for the largest weekly slump since the five days through December 11, the period when Zuma fired then-Finance Minister Nhlanhla Nene and replaced him with a little-known MP.

Gordhan's role as commissioner of the SA Revenue Service when an undercover investigation unit was established is being questioned by the Hawks, who are investigating whether the unit went rogue and performed illegal activities. Some believe these allegations were cooked up as the unit was allegedly sniffing down the wrong Nkandla rabbit hole.

Read more on:    hawks  |  pravin gordhan  |  fw de klerk  |  johannesburg

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