Zwane statement reckless - ANC

2016-09-03 21:02
Mineral Resources Minister Mosebenzi Zwane. (Photo: Mining Indaba)

Mineral Resources Minister Mosebenzi Zwane. (Photo: Mining Indaba)

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Johannesburg – The ANC has slammed Mineral Resources Minister Mosebenzi Zwane for his statements regarding a judicial commission of inquiry into the banking sector over the Gupta saga.

“This type of ill-discipline has brought the name of government into disrepute. We call on President Zuma to discipline Minister Zwane because [it is] this kind of reckless and careless statement that sends wrong signals about our cabinet,” ANC spokesperson Zizi Kodwa said.

Kodwa lambasted Zwane’s comments saying it was “outrageous, appalling and shocking”. He called on President Jacob Zuma to discipline Zwane.

“The action must be a lesson that no one again must make this public statement unmandated which has got a negative impact both on the economy and the perceptions of national leadership.”

Kodwa also questioned if Zwane was being influenced by people outside of cabinet.

Zwane, who chaired an inter-ministerial committee set up by Cabinet to probe why South Africa’s banks blacklisted Gupta-owned businesses, said in a statement that a judicial inquiry be considered to look into:

- The current mandates of the Banking Tribunal and the Banking Ombudsman;

- Consider the current Financial Intelligence Centre Act (Fica) and the Prevention of Combating of Corrupt Activities Act in relation to the banks' conduct;

- Reconsider South Africa’s clearing bank provisions to allow for new banking licences to be issued; and

- Look into the establishment of a state bank of South Africa with the possible corporatisation of the Post Bank being considered as an option.

The announcement by Zwane was feared to cause further market turmoil, currency weakness and make a sovereign ratings downgrade more likely.

However, the Presidency said on Friday that Zwane's remarks were issued in his personal capacity and not on behalf of the task team or Cabinet.

"Minister Zwane is a member of the task team. He does not speak on behalf of Cabinet and the contents of his statement do not reflect the position or views of Cabinet," Presidency spokesperson Bongani Ngqulunga said.

"The unfortunate contents of the statement and the inconvenience and confusion caused by the issuing thereof, are deeply regretted," he added.

Read more on:    anc  |  mosebenzi zwane  |  zizi kodwa  |  politics

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