By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    President Mahama to host Africa Health Sovereignty Summit in Accra on August 5, 2025
    Laboma Beach management petitions Mahama over planned demolition, demands scientific flood assessment
    September 14, 2026
    Laboma beach demolition: Hold Assembly staff accountable for giving illegal permits – ChaLoG Prez
    September 14, 2026
    Government may struggle to absorb further fuel price hikes – Duncan Amoah
    September 14, 2026
    Laboma Beach transformed former dumping ground into tourism hub – Development Manager
    September 14, 2026
    Out of the abundance of the heart the mouth speaks – GBA President reacts to CJ’s SOE comments
    September 14, 2026
  • Business
    BusinessShow More
    President Mahama expected at Sentuo Airport Garden City unveiling on Tuesday
    September 14, 2026
    Bawumia’s gold-backed policy is built on flexibility and digitalisation – Gideon Boako
    September 13, 2026
    Ghana can avoid future IMF bailout if we follow Bawumia’s gold-backed currency with fiscal discipline – Gideon Boako
    September 13, 2026
    Sunbeth Global Concepts launches Sustainability Report, becomes first Nigerian agricultural firm to adopt IFRS S1 and S2 Standards
    September 11, 2026
    Ahantaman Community Bank appoints Samuel Nyanzu Ackah as new CEO
    September 9, 2026
  • Politics
    PoliticsShow More
    National Cathedral: Isaac Addae supports Mahama’s stance, questions location, funding model
    September 14, 2026
    Stop wasting public funds on demolition for poorly planned 24-hour markets – Minority to gov’t
    September 14, 2026
    We held education dialogue, but NPP boycotted it – Dr. Apaak fires back at Afenyo-Markin
    September 14, 2026
    Minority demands parliamentary probe into over US$1bn narcotics seizures linked to Ghana
    September 14, 2026
    Verify recruits’ certificates before training – Kingsley Ofosu Ntiamah
    September 13, 2026
  • Entertainment
    EntertainmentShow More
    The Darkest Chapter: Latif Abubakar’s 21st Production brings President Mahama’s UN reckoning to the National Theatre stage
    September 14, 2026
    Ghanaian Gospel Music legend, Bernice Offei dies
    September 12, 2026
    Starr FM set to premiere ‘Morning Rounds with Dr Sompa’ on September 5
    September 3, 2026
    Kojo Antwi, Meiway to unite African music fans in London for historic concert
    August 31, 2026
    Dissolve Creative Arts Ministry; it offers no support to industry players – Shatta Wale
    August 31, 2026
  • Sports
    SportsShow More
    Zverev, Rybakina crowned US Open champions
    September 14, 2026
    Hearts and Samartex maintain 100% record in GPL as Kotoko beat Lions
    September 14, 2026
    Ghana unveils female mini football national team, targets rise to Africa’s summit
    September 3, 2026
    Open Letter to Kofi Adams: Give Ghana Two Hybrid Pitches and Establish a Lasting Legacy 
    September 2, 2026
    World Cup Fundraising Committee must clarify Shatta Wale’s GH¢5m claim – Wonder Mandel
    August 31, 2026
  • Technology
    TechnologyShow More
    Samsung Galaxy S26 FE Delivering Latest Flagship AI, Camera Experiences
    August 27, 2026
    YEA CEO urges youth to avoid recording private sexual activities amid rise in leaked videos
    August 20, 2026
    Here’s Why Samsung Galaxy Z Fold8 Is Perfect Device for Your Favourite Content – Pre-Order Today!
    August 18, 2026
    Nearly 1,000 scam numbers linked to fake Google profiles targeting Ghana food chains – TrustGH
    August 17, 2026
    NYA CEO urges youth to use social media for positive change, not violence
    August 12, 2026
  • International
    InternationalShow More
    $260m cocaine seizure in France: NACOC arrests three suspects linked to ‘Bolle Jos’ network
    September 14, 2026
    In Pictures: Chef Abbys showcases Ghanaian cuisine at London’s Black On The Square
    September 8, 2026
    Chef Abbys arrives in London ahead of Black On The Square, set for BBC Radio interview
    September 4, 2026
    Edibeck Consult’s cultural Exchange Delegation engages Ghana Embassy in Belgium
    September 3, 2026
    Chef Abbys to showcase Ghanaian cuisine at London’s Black On The Square Festival
    September 2, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Zuma sacks finance minister in major reshuffle
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
International

Zuma sacks finance minister in major reshuffle

Starrfm.com.gh By Starrfm.com.gh Published March 31, 2017
Share
SHARE

South Africa’s President Jacob Zuma sacked finance minister Pravin Gordhan in a major cabinet reshuffle after days of speculation that has rocked the country’s markets and currency, replacing him with home affairs head Malusi Gigaba.

A statement from the president’s office early on Friday said Zuma had also appointed Sfiso Buthelezi as Deputy Finance Minister, replacing Mcebisi Jonas. Zuma also made changes to ten of the country’s 35 ministries, including energy, police, and tourism. He brought in new faces and moved some ministers to new portfolios.

Pressure has been growing on Zuma to step down after he recalled Gordhan, who has a strong reputation as a bulwark against corruption, from a trade trip in London earlier this week. The recall caused South Africa’s rand to lose nearly 5 percent.

Many South Africans had viewed Gordhan as a responsible steward of an economy facing possible credit rating downgrades. Frustration has been growing with Zuma after numerous allegations of corruption.

The new cabinet changes are “to improve efficiency and effectiveness,” a statement from Zuma’s office said [EPA]

South Africa’s two main opposition parties took aim at the president on Thursday, with one appealing to the highest court to order impeachment proceedings and the other announcing it will launch a vote of no confidence in Zuma.

“Zuma has bowed to the whims of those who determined to enrich themselves at the expense of the poor and jobless,” the country’s main opposition party, the Democratic Alliance, tweeted after the announcement. The party on Thursday said it would launch a vote of no confidence in Zuma in parliament.

The Economic Freedom Fighters (EFF) opposition party applied to the country’s highest court on Thursday to order parliament to begin impeachment proceedings against the president for lying to the legislative body.

The EFF called it “a last resort,” with party leader Julius Malema accusing parliament, which is dominated by the African National Congress (ANC), of failing in its duty to hold the president accountable.

On Wednesday, Gordhan inspired a standing ovation at the funeral of Ahmed Kathrada, one of South Africa’s leading anti-apartheid activists, as longtime leaders of the ruling ANC called for Zuma to step down. The outcry by funeral-goers including the ex-wife of Nelson Mandela, Winnie Madikizela Mandela, further exposed the ruling party’s divide.

The cabinet changes are “to improve efficiency and effectiveness,” the statement from Zuma’s office said.

But even allies of the ruling party had warned against replacing Gordhan. Deputy general-secretary Solly Mapaila of the South African Communist Party, which is in an alliance with the ANC, warned on Thursday that the party’s seven cabinet members would resign if Zuma fired the finance minister.

The cabinet shuffle comes as the calls for Zuma to step down grow.

The scandal-ridden Zuma in November survived an attempt by senior party members to oust him as president. Earlier last year, South Africa’s highest court found that Zuma had violated his oath of office by refusing to abide by an order to pay back some of the millions of dollars in public money spent on upgrading his rural home.

Gordhan became South Africa’s finance minister after Zuma’s abrupt decision in December 2015 to fire Finance Minister Nhlanhla Nene and replace him with David van Rooyen, a relatively unknown figure, which unsettled markets and prompted a national outcry.

Late last year, prosecutors dropped fraud charges against Gordhan that were criticised by many South Africans as politically motivated and deepened concern about alleged government mismanagement.

Deputy President Cyril Ramaphosa was among high-ranking officials in the ruling party who expressed their support for the sacked finance minister. Ramaphosa is seen as a likely candidate to succeed Zuma as ANC leader at the ruling party’s conference in December.

You Might Also Like

$260m cocaine seizure in France: NACOC arrests three suspects linked to ‘Bolle Jos’ network

In Pictures: Chef Abbys showcases Ghanaian cuisine at London’s Black On The Square

Chef Abbys arrives in London ahead of Black On The Square, set for BBC Radio interview

Edibeck Consult’s cultural Exchange Delegation engages Ghana Embassy in Belgium

Chef Abbys to showcase Ghanaian cuisine at London’s Black On The Square Festival

TAGGED:ANCSAzuma
Share This Article
Facebook Twitter Email Print
Share
Previous Article Brexit: EU’s Tusk to issue negotiation guidelines
Next Article US: Assad’s overthrow no longer a priority

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?