Gordhan still man of the moment at WEF - Stephen Grootes

Former Finance Minister Pravin Gordhan is attending the World Economic Forum (WEF) on Africa where President Jacob Zuma and Finance Minister Malusi Gigaba gave their addresses on Thursday.

EWN senior reporter and Midday Report host, Stephen Grootes, says Gordhan is still admired by many delegates attending WEF currently underway in Durban.

Gordhan and his deputy Mcebisi Jonas were axed by Zuma in March after being told by the Presidency to cancel an investor roadshow in London.

South Africa's economic outlook was downgraded to junk status by two international rating agencies, Fitch and Standard and Poor's following the Cabinet reshuffle.

Since Gigaba took over from Gordhan, he has been promising radical economic transformation.

Grootes says he only heard ‘radical economic transformation’ only once from Gigaba's speech and it was followed quickly by the words ‘inclusive growth’.

Read: I heard the phrase ‘radical economic transformation’ only once - Stephen Grootes

He is one of those people that WEF has known for a very long time.

Stephen Grootes, EWN reporter and political analyst

You walk around, you see Pravin Gordhan and everyone starts talking to him. In a way he is still man of the moment, part of what happened. He sort of part of the furniture in that way.

Stephen Grootes, EWN senior reporter and political analyst

I'm not at all surprised that he is here. I would be surprised if he wasn't invited.

Stephen Grootes, EWN reporter and political analyst

(Follow the EWN coverage courtesy of Standard Bank.)

Listen to full interview with Stephen Grootes below...


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