[UPDATE] Presidency confirms Zuma instructs Gordhan to return from London

JOHANNESBURG - The Presidency has issued a statement confirming that President Jacob Zuma has instructed the Minister of Finance Pravin Gordhan and Deputy Minister Mcebisi Jonas to cancel the international investment promotion roadshow to the United Kingdom and the United States and return to South Africa immediately.

Read the Presidency's statement below:

Presidency statement on Pravin Gordhan & Mcebisi Jonas by Primedia Broadcasting on Scribd

The minister is in London together with Business Unity South Africa but has been asked to cancel the remainder of the trip.

Dennis George of the Federation of Unions of South Africa says Gordhan has told him the schedule will remain in place. This has not been independently confirmed by Treasury.

The union says it would be irresponsible for the trip and the meetings to be cancelled at the last minute.

Reuters and Business Day are reporting that Gordhan was not given permission for the trip and that's why he was suddenly recalled.

It's believed that he will be on an overnight flight back to South Africa. His deputy Jonas was expected to lead the US leg of the trip.

While the exact reasons for his sudden return are unclear, it has led to fresh speculation that there may be a Cabinet reshuffle.

Eyewitness News has spoken to the Finance Minister's spokesperson Yolisa Tyantsi who claims to have no knowledge of this recall.


This article first appeared on EWN : [UPDATE] Presidency confirms Zuma instructs Gordhan to return from London


Recommended

by NEWSROOM AI
Read More
Lesufi: Enoch Mpianzi's death will be investigated

Lesufi: Enoch Mpianzi's death will be investigated

Enoch Mpianzi (13), a Parktown Boys' High learner, drowned during what has been described as a water activity in a river at a lodge while on a school camp on Wednesday.

Kganyago announces repo rate cut to 6.25%

Kganyago announces repo rate cut to 6.25%

The decision follows this week's Monetary Policy Committee meeting.

Old Mutual wins appeal against Peter Moyo reinstatement

Old Mutual wins appeal against Peter Moyo reinstatement

Judgment was handed down on Tuesday morning and the application was dismissed with costs.

Jabu Mabuza resigns as Eskom chair

Jabu Mabuza resigns as Eskom chair

In a statement released by the Presidency, Cyril Ramaphosa noted that Jabu Mabuza had tendered his resignation on Friday 10 January 2020.

World Bank cuts SA's growth forecast over load shedding - report

World Bank cuts SA's growth forecast over load shedding - report

It now expects the economy to expand by 0.9% this year.

Load shedding back from 9pm

Load shedding back from 9pm

Eskom says load shedding is at night to minimise the impact of power cuts by not affecting the working day.

Popular articles
[LISTEN] Who is responsible if your car is stolen from a dealership?

[LISTEN] Who is responsible if your car is stolen from a dealership?

Cheryl Modise shares a story of how a Range Rover Evoque she had purchased from a dealership was stolen and recovered.

‘We’re in control. It’ll become apparent in the next few weeks’

‘We’re in control. It’ll become apparent in the next few weeks’

An annoyed Public Enterprises Minister Pravin Gordhan made a surprise call to Bruce Whitfield’s The Money Show on Wednesday.