AS IT HAPPENED: Treasury fallout following Cabinet reshuffle

2017-04-04 14:30

Treasury director general Lungisa Fuzile has asked to leave before the end of his contract, soon after Minister Pravin Gordhan was replaced.

The fallout from President Jacob Zuma's Cabinet reshuffle and SA's junk status ratings downgrade by Standard & Poor's (S&P) continues.


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Last Updated at 19:38
04 Apr 18:43

President Jacob Zuma's supporters within the ANC are gearing up for an all-out battle to shield him from criticism following his divisive Cabinet reshuffle.

This comes as calls grow across all sectors of society for Zuma to step down.

04 Apr 16:52

Former finance minister Pravin Gordhan is expected to speak at four memorial services for late African National Congress struggle stalwart Ahmed Kathrada.

The first memorial is scheduled to take place at the Greek Hall in Brooklyn, Pretoria, on Tuesday at 18:30.

04 Apr 16:31

04 Apr 16:20

04 Apr 16:19

Cosatu has placed the blame for Standard & Poor's downgrade of South Africa’s sovereign rating to junk status on President Jacob Zuma.

During its press briefing to outline the outcome of Monday's Central Executive Committee meeting, Cosatu general secretary Bheki Ntshalintshali said Zuma was responsible and culpable for the downgrade.

04 Apr 16:13

Standard & Poor's downgrading of South Africa to junk status brings the country a step closer to a descent into a failed kleptocratic state, cautioned the South African Federation of Trade Unions (Saftu) on Tuesday.

The newly-registered trade union federation headed by Zwelinzima Vavi said in a statement the downgrade has turned what was already a major national crisis into a potential catastrophe.

04 Apr 15:58

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04 Apr 15:47

04 Apr 15:41

The head of South Africa’s Treasury, Lungisa Fuzile, has asked to leave his post at the end of this month, a year before his contract runs out, according to three people with knowledge of the matter.

Fuzile informed former Finance Minister Pravin Gordhan of his plans to leave a day before Gordhan was fired on March 31, according to the people, who asked not to be identified because no announcement has been made yet. He’s been in the post of director general for six years. The cabinet last year extended his original five-year term for 24 months.

04 Apr 15:37

04 Apr 15:29

The ANC stalwarts conclude their briefing, with a very clear message conveyed to Jacob Zuma and the top structures of the ANC. 

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Social Development Minister Bathabile Dlamini's competence is also brought into question. 

04 Apr 14:38

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04 Apr 14:34

WATCH: Solly Moeng weighs in on Cabinet reshuffle and SA's credit downgrade 

04 Apr 14:33

04 Apr 14:32

04 Apr 14:32

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