for subscribers

Banking Association 'strongly objects' to Cabinet reshuffle

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town – President Jacob Zuma’s overnight cabinet reshuffle on Thursday put South Africa into turmoil at a time when South Africa is trying to address its problems, said Dr Cas Coovadia, director of the Banking Association of South Africa (BASA) in a statement on Friday morning. 

“The vacuum of leadership caused by the announcement of a cabinet reshuffle and appointment of a new Finance Minister, Deputy Finance Minister and the removal of additional cabinet ministers is of extreme concern for the whole of South Africa.”

READ: Open attack on Treasury as Zuma loyalists take control - economist

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.20
(-0.25)
ZAR/GBP
20.40
(-0.01)
ZAR/EUR
18.42
(-0.06)
ZAR/AUD
11.29
(-0.13)
ZAR/JPY
0.15
(+0.06)
Gold
1835.48
(-0.24)
Silver
24.14
(+0.55)
Platinum
1061.00
(+3.78)
Brent Crude
48.78
(+0.95)
Palladium
2336.01
(+1.71)
All Share
59419.37
(+0.80)
Top 40
54500.04
(+0.61)
Financial 15
11646.83
(+2.17)
Industrial 25
79758.36
(+0.10)
Resource 10
57015.33
(+0.70)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 384 votes
No, I did not.
52% - 948 votes
My landlord refused
27% - 499 votes
Vote