Unpacking Pravin Gordhan's statement: Threat from Hawks may not be an idle one

I think it would be naive to dismiss the rumours of his arrest as simply rumours. Clearly the biggest sign is he himself has taken these threats very seriously, and talk within the security establishment is rife; that he would be arrested.

Carol Paton, Business Day

Politically there are many signs to indicate this and makes sense within the whole context of the relationship between President Zuma and Mr Gordhan.

Carol Paton, Business Day

Paton says she thinks there is a school of thought within the Africa national Congress that has no regard for what the ratings agencies are doing.

(They may think) to hell with the ratings agencies anyway. We want to run the economy the way we want to run it, and ratings agencies are holding us to ransom and stopping us from doing the things we want to do.

Carol Paton, Business Day

If Gordhan were to go, Paton agrees Brian Molefe is the his most rumoured and likely replacement.

The thing about Brian, is he is very competent, and he has a good reputation in the financial markets. He is very well known to them...and he has turned around Eskom and Transnet. Sifiso Buthelezi has also been mentioned as someone likely to go into this portfolio, but it is all speculative.

Carol Paton, Business Day

I think it is quite alarming that the finance minister can issue a statement this week saying he is under attack, and he calls on all South Africans to come and help him, and his own party the ANC, says it doesn't see the need to comment on it or give him support.

Carol Paton, Business Day

She says it is a difficult situation for a divided ANC.

Paton says a lot depends on the elections and how it all plays out.

Listen to the entire interview below:

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