AS IT HAPPENED: Mantashe says there was disagreement on the cabinet reshuffle

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Finance Minister Pravin Gordhan. (Gallo Images)
Finance Minister Pravin Gordhan. (Gallo Images)

Last Updated

30 Mar 2017

The rand briefly spiked to R13.13 to the greenback, back at R13.05/$ following the reported summons of the ANC Top 6 and Cabinet ministers by President Jacob Zum.

30 Mar 2017

There is speculation that a statement on the cabinet reshuffle will be released tonight.

30 Mar 2017

Sfiso Buthelezi, current ANC MP serving in Parliament’s standing committee on finance is former businessman, believed to be close to Zuma.

Buthelezi makes all the right noises in committee meetings, criticising National Treasury for not taking a tougher stance against corporates and not giving enough credit to the “good work” done by the South African Revenue Service.

Buthelezi, an economist by profession, had resigned as chief operating officer at the Makana Investment Corporation (an investment vehicle for former political prisoners).

He is also a former chairperson of the board of the Passenger Rail Agency of South Africa.

The six potential candidates who could replace Gordhan

30 Mar 2017

Brian Molefe, recently sworn-in Member of Parliament and former Eskom CEO, who was named in former public protector Thuli Madonsela’s state capture report for his close ties with the Gupta family. 

Molefe was widely touted as possible finance minister and the Zuma camp will no doubt promote his extensive experience at National Treasury, where he served as a senior manager.

He moved on to run the Public Investment Corporation where he took on big companies for not appointing enough black South Africans to their boards, the Sunday Times reported. 

Molefe also had a successful stint as Transnet CEO before he was seconded to take over the reins at Eskom in 2015, which at the time was plagued by blackouts and management troubles. 

In November last year, Molefe tearfully resigned from the power utility after he was named in the State of Capture report.

He said at the time he was doing so to “clear his name”.  His name was widely touted as a possible to take over the position last year. The Zuma camp would likely promote his previous experience at the Treasury.

30 Mar 2017

News24 understands Sport Minister Fikile Mbalula will be the new police minister.

30 Mar 2017

According to News24's sources the following ministers will be axed: Finance Minister Pravin Gordhan; Public Enterprises Minister Lynne Brown; Tourism Minister Derek Hanekom and Social Development Minister Bathabile Dlamini.

30 Mar 2017

ANN7 reports that Bathabile Dlamini will become the new Women's Minister in the presidency and Susan Shabangu the new Social Development Minister.

30 Mar 2017

No formal confirmation yet of who will replace Pravin Gordhan as finance minister, but ANC MP Sifiso Buthelezi's name is being mentioned frequently.
Read a City Press profile on him here

30 Mar 2017

The following ministers will apparently be affected by the cabinet reshuffle: Pravin Gordhan (finance), Aaron Motsoaledi (health), Rob Davies (trade and industry), Ebrahim Patel (economic development), Thulas Nxesi (public works), Blade Nzimande (higher education), David Mahlobo (intelligence), Derek Hanekom (tourism), Fikile Mbalula (sport), Nkosinathi Nhleko (police), Lynne Brown (public enterprises), Bathabile Dlamini (social development) and Susan Shabangu (women).

30 Mar 2017

The rand fell to R13.29 to the US dollar on Thursday evening on reports that President Jacob Zuma has started to reshuffle his Cabinet.
Read the full article here

30 Mar 2017

Gordhan has yet to be informed of his removal.

30 Mar 2017

Rand tumbles as Zuma starts Cabinet reshuffle

30 Mar 2017

President Jacob Zuma will make an announcement relating to changes to the National Executive tonight, 30 March 2017.

30 Mar 2017

30 Mar 2017

News24 understands Home Affairs Minister Malusi Gigaba is the new finance minister. His deputy will be ANC MP Sfiso Buthelezi.

30 Mar 2017

News24 understands KZN Health MEC Dr Sibongiseni Dhlomo may become the new minister of health.

30 Mar 2017

News24 understands the following ministers have been sacked from cabinet: Pravin Gordhan, Blade Nzimande, Ebrahim Patel, David Mahlobo, Aaron Motsoaledi and Rob Davies.

30 Mar 2017

News24 understands Faith Muthambi may be appointed minister of energy. Thulas Nxesi will replace Fikile Mbalula as sports minister. Mbalula is expected to be appointed minister of police.

30 Mar 2017

Rand hits R13.40/$ as Gigaba seen to replace Gordhan

30 Mar 2017

Rand in freefall as Zuma axes Gordhan, Jonas

31 Mar 2017

Presidents Zuma through a statement says he National Executive in order to improve efficiency and effectiveness.

"The changes bring some younger MPs and women into the National Executive in order to benefit from their energy, experience and expertise.

"I have directed the new Ministers and Deputy Ministers to work tirelessly with their colleagues to bring about radical socio-economic transformation and to ensure that the promise of a better life for the poor and the working class becomes a reality," Zuma said.

31 Mar 2017

The new ministers are: Minister of Energy -Mmamoloko “Nkhensani” Kubayi;  Minister of Transport - Joe Maswanganyi; Minister of Finance - Malusi Gigaba; Minister of Police - Fikile Mbalula; Minister of Public Works - Nathi Nhleko; Minister of Sports and Recreation - Thembelani Nxesi;  Minister of Tourism - Tokozile Xasa; Minister of Public Service and Administration - Ms Faith Muthambi; Minister of Home Affairs - Hlengiwe Mkhize; Minister of Communications- Ayanda Dlodlo

31 Mar 2017

The new deputy ministers are: Deputy Minister of Public Service and Administration - Dipuo Letsatsi-Duba; Deputy Minister of Finance - Sifiso Buthelezi; Deputy Minister of Public Enterprises -Ben Martins; Deputy Minister of Arts and Culture - Maggie Sotyu; Deputy Minister of Trade and Industry - Gratitude Magwanishe; Deputy Minister of Communications - Thandi Mahambehlala; Deputy Minister of Tourism - Elizabeth Thabethe; Deputy Minister of Police - Bongani Mkongi; Deputy Minister of Telecommunications and Postal Services - Stella Ndabeni-Abrahams; Deputy Minister of Small Business Development - Nomathemba November.

31 Mar 2017

Zuma thanked outgoing  ministers and deputy ministers for their service and wished new ministers well.

"I wish to extend his gratitude to the outgoing Ministers and Deputy Ministers for their service to the country. I also wish the new Ministers and Deputy Ministers the best in their new responsibilities."

31 Mar 2017

OUTA and other civil action organisations will shortly meet to discuss plans for mass action and other possible options to challenge President Zuma’s decision to axe Minister Pravin Gordhan and other prominent ministers. 

"The President’s actions are regarded as outrageous and without rationale.

He is displaying gross disregard and neglect of his duty to protect the economy and to act in the best interests of the nation as a whole. 

Today, we are substantively poorer as a result of Zuma’s cabinet reshuffle and we cannot sit back and do nothing about this dire situation.

Once we have decided on our collective actions and the way forward, we will inform the media and the people of South Africa of where and how to participate.

This is not the time to complain or do nothing. This is the time for active citizenry." OUTA said in a statement.

31 Mar 2017

DA MP David Maynier said the appoint of the new Minister of Finance, Malusi Gigaba, means that National Treasury is now firmly under the political control of President Jacob Zuma.  

"The new finance minister has extensive experience in the national executive, but he has absolutely no experience in the “finance family”, and his appointment is unlikely to be well received by the markets.

"The new finance minister’s principle qualification for the job is his absolute loyalty to President Jacob Zuma.  The new finance minister appears to have been a compromise choice and his main positive is that he is not Brian Molefe.”

31 Mar 2017

DA leader Mmusi Maimane urged South Africans to stand together and defend the Constitution, after President Jacob Zuma announced a cabinet reshuffle.

"President Jacob Zuma’s decision to fire the Minister of Finance, Pravin Gordhan, and the Deputy Minister of Finance, Mcebesi Jonas, should be a rallying call for all South Africans to stand together and defend our hard-won Constitutional Democracy.

"The President has once again shown that he has no interest in our beloved country’s future – or the 9 million South Africans who are unemployed.

He has bowed to the whims of those who are determined to enrich themselves at the expense of the poor and jobless.

This is an act of complete state capture," Maimane said.

31 Mar 2017

The appointment of two politicians, who are seen as close to President Jacob Zuma, is an open attack on Treasury, according to Nomura emerging market economist Peter Montalto.
Open attack on Treasury as Zuma loyalists take control – economist

31 Mar 2017

Speaking to Powerfm, ANC secretary general Gwede Mantashe  said there was disagreement with the cabinet reshuffle.

He said they usually have discussions on reshuffles but were “basically informed” about the latest one.

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