Over the past few months, I’ve seen many rational South Africans threaten to throw in the towel. When reminded of the courage and humility of Finance Minister Pravin Gordhan, hope springs once more. Gordhan has at times seemed to have been the only beacon of sanity in a political story where the news flow is all about abuse, incompetence, arrogance, tenderpreneurs and crony capitalists. But while cabinet meetings may be tense, he is no Lone Ranger. On the strength of unimpeachable integrity over decades, Gordhan enjoys the public support of the business community, the media, ANC elders and SA’s often too-silent majority. His allegiance to an increasingly wayward ANC baffles some. But despite its well documented failings, the party remains a very broad church and, for the foreseeable future, South Africa’s political rulers. Often more good can be achieved by staying within the walls of a fortress than shouting from outside. – Alec Hogg.
(Bloomberg) — South African Finance Minister Pravin Gordhan said he has the support of the nation’s cabinet to do his job, even as he can’t give any assurances that he won’t be arrested for espionage.