Business community concerned about rumours of Gordhan removal

Mark Lamberti, Business Leadership South Africa (BLSA) board member, spoke with The Midday Report host Stephen Grootes about the speculations surrounding the removal of Pravin Gordhan from his position as Finance Minister.

Lamberti says the risks to business at the prospect of such a move are very high. He says the finance ministry and its associated entities are stable and applauded by local and international investors. He sees no reason why that should be disrupted.

In the absence of a feasible explanation people start to say immediately, that there is an ulterior motive here and of course that casts huge questions over our country.

Mark Lamberti, Business Leadership SA, board member

Lamberti explains that the concerns over a cabinet reshuffle are not exclusively about Gordhan, but about having expertise and integrity involved in these key institutions of the State.

Listen to Lamberti explain what else is stake should Gordhan be replaced:


This article first appeared on 702 : Business community concerned about rumours of Gordhan removal


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Banks insist Oakbay’s call for Gordhan to intervene in its dispute is unlawful

Banks insist Oakbay’s call for Gordhan to intervene in its dispute is unlawful

The argument was made on day two of Gordhan’s court action against Gupta-owned companies.

Gordhan gets standing ovation amid Cabinet reshuffle speculations

Gordhan gets standing ovation amid Cabinet reshuffle speculations

The Cabinet meeting will take place later today after the funeral of struggle veteran Ahmed Kathrada.

"Jacob Zuma doesn't care about ANC and South Africa"

"Jacob Zuma doesn't care about ANC and South Africa"

Political analyst Prince Mashele says the ANC has to teach President Zuma a lesson if he reshuffles Cabinet to benefit himself.

Gordhan/Gupta legal battle could impact powers of Finance Minister

Gordhan/Gupta legal battle could impact powers of Finance Minister

Finance Minister wants the High Court to make a declaratory order that he cannot intervene in affairs of banks and Gupta family.

A sad day for SA if Zuma reshuffles Cabinet - Casac

A sad day for SA if Zuma reshuffles Cabinet - Casac

South Africa waits anxiously with looming speculations of President Zuma reshuffling Cabinet and letting go of Gordhan.

Why try to remove such an outstanding Minister? - Nick Binedell (Gibs)

Why try to remove such an outstanding Minister? - Nick Binedell (Gibs)

The Money Show’s Bruce Whitfield interviews Gordon Institute of Business Science’s Professor Nick Binedell.

Guptas vs Gordhan – it’s open war!

Guptas vs Gordhan – it’s open war!

The Money Show’s Bruce Whitfield interviews Intellidex MD and Financial Analyst Stuart Theobald.

Gordhan says he is in fact still Finance Minister

Gordhan says he is in fact still Finance Minister

The minister observed court proceedings at the High court in Pretoria on Tuesday afternoon.

'Cagey' Gordhan confirms he's still Finance Minister outside court

'Cagey' Gordhan confirms he's still Finance Minister outside court

Barry Bateman confirms Pravin Gordhan says he has received no explanation yet why he was asked to cut short his overseas trip.

Gordhan, Dlamini-Zuma among others spotted at Luthuli House

Gordhan, Dlamini-Zuma among others spotted at Luthuli House

It is still unclear why the President asked Finance Minister to return to South Africa from investors roadshow.

[CARTOON] A Case of State Capture

[CARTOON] A Case of State Capture

EWN's Dr Jack & Curtis take a look at the brewing saga around President Zuma requesting the Finance Minister to return home early.

'Zuma will ensure Cabinet reshuffle doesn't look like Nene/Van Rooyen Part 2'

'Zuma will ensure Cabinet reshuffle doesn't look like Nene/Van Rooyen Part 2'

Analyst Nic Borain says it's unclear whether Zuma's decision to ask Gordhan to return home is related to a Cabinet reshuffle.

Popular articles
Why many couples today are struggling with marriage

Why many couples today are struggling with marriage

Dr Eve advises that many modern couples need marriage to be a safe space for self-expression and self-actualisation.

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

AfriForum not backing down over decision to privately prosecute Julius Malema.

'They shot out the tyres and they shot the victim'

'They shot out the tyres and they shot the victim'

EWN's Mandy Weiner describes an eyewitness account of one of the two shootings on Johannesburg's highways on Wednesday.

Cape Town not out the woods yet even with recent rainfall

Cape Town not out the woods yet even with recent rainfall

Climate expert, Piotr Wolski, says the city will know towards the end of May whether 2018 is a good or bad year.

Where is Zuma going to get this 'tsunami' of legal fees?  - Karyn Maughan

Where is Zuma going to get this 'tsunami' of legal fees? - Karyn Maughan

The Presidency has now officially withdrawn its application for leave to appeal the personal costs order against Jacob Zuma.

Water to be released from Berg River to Misverstand Dam to avoid Day Zero

Water to be released from Berg River to Misverstand Dam to avoid Day Zero

Government has put plans in place to prevent the Misverstand Dam from running dry in a week's time.

Highly-criticised world athletics body's rule could end Caster Semenya's career

Highly-criticised world athletics body's rule could end Caster Semenya's career

She faces ongoing complaints from rivals about having an "unfair advantage" on the track, but how fair is this proposed IAAF rule?