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Business backs Gordhan as Hawks intensify probe

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Zuma has kicked an own goal that will almost guarantee SA junk status at the end of the year – political analyst.

Business leaders have rallied around South African Finance Minister Pravin Gordhan as he faces police investigations into allegations that he oversaw the establishment of an illicit investigative unit during his tenure as head of the national tax agency.

 

From the Banking Association of South Africa, which represents the nation’s biggest lenders, to prominent lobby group Business Leadership South Africa and 21 top academic economists, the message has been the same: the allegations against Gordhan amount to a political stitch-up.

 

“The action against the minister is quite honestly reckless,” Cas Coovadia, the banking association’s managing director, said by phone Thursday. “It’s damaging to the economy, it’s not in the national interest.”

 

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