Hawks mounts pressure on Pravin, Zuma extends his powers over SOEs

Finance Minister Pravin Gordhan and four SA Revenue Services (SARS) officials have been summoned to the Hawks offices on Thursday for warning statements.

Gordhan stands accused of establishing a rogue investigation unit during his tenure as SARS Commissioner.

As the story develops, concerns have been raised over a report that President Jacob Zuma will have increased powers over state-owned entities. He will chair a Co-ordinating Committee to oversee state-owned entities which have been on a tight leash under Gordhan's time in Treasury.

Under the leadership of chairperson of the Jacob Zuma Foundation and South African Airways (SAA), Dudu Myeni, a R15 billion restructuring deal and a R603 million Airbus deal were cancelled by former Finance Minister Nhlanhla Nene and Gordhan.

Listen to the interview below:

In the context of other things going on, you can clearly that there is an attempt to weaken the Finance Ministry.

Carol Paton, Business Day journalist

This is the hyena guarding the chicken coup and that's exactly it. The big worrying factor about SOEs is that there's been no governance.

Carol Paton, Business Day journalist
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