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 breathes life into collapsed iconic Asesewa Market, cuts sod for its modernization
    May 2, 2026
    Government launches SEED Programme to turn students into job creators
    May 1, 2026
    Ghana transport delegation visits China’s Shiyan to deepen sector reforms
    May 1, 2026
    Hope renewed in Akim Oda as 700 orphans receive support
    May 1, 2026
    Dorcas Affo-Toffey engages US investors to boost tourism and jobs in Jomoro
    May 1, 2026
  • Business
    BusinessShow More
    Damang Gold Mine sells 100% of first output to GoldBod, BoG to boost Ghana’s foreign reserves
    April 30, 2026
    24-hour economy policy not feasible – NPP’s Michael Osei Boateng
    April 29, 2026
    GoldBod Jewellery hosts Boris Kodjoe at Diamond House Showroom
    April 29, 2026
    GoldBod’s revenue triples to $970.7m in 2025, from $307.7m in 2024
    April 29, 2026
    3i Africa Summit will prioritise cross-boarder payments, digital assets and investment – BoG Fintech Head
    April 29, 2026
  • Politics
    PoliticsShow More
    President Mahama breathes life into collapsed iconic Asesewa Market, cuts sod for its modernization
    May 2, 2026
    Government launches SEED Programme to turn students into job creators
    May 1, 2026
    There is still space for effective Special Prosecutor Office – President Mahama
    May 1, 2026
    Supreme Court Justices commend Deputy AG Dr. Srem-Sai for professionalism and dedication
    May 1, 2026
    NDC govt has been frank with Ghanaians on power outages – Yendi MP
    May 1, 2026
  • Entertainment
    EntertainmentShow More
    TGMA 2026 AOTY battle: Wendy Shay is the Yaa Asantewaa of Ghana music today – MC Portfolio
    May 2, 2026
    Phil Thompson confirms Joe Mettle collaboration, new song due in 4-6 weeks
    May 1, 2026
    I was homeless in London, sleeping in cars when I released ‘Baba’ – Sonnie Badu
    May 1, 2026
    I’m in a place where I need quietness – Joe Mettle on stepping back from TGMA 2026
    May 1, 2026
    Ghana Music Awards USA unveils 2026 nominees in Kumasi
    May 1, 2026
  • Sports
    SportsShow More
    Minority’s rejection of govt’s power outage explanation is politically motivated – Abdul Fatawu Jofa
    May 1, 2026
    2026 African Armwrestling Championship kicks off at Borteyman Sports Complex
    April 30, 2026
    Atletico Madrid hold Arsenal 1-1 in second UCL semifinal in Madrid
    April 30, 2026
    PSG beat Bayern Munich in 9-goal thriller in Paris
    April 29, 2026
    FIFA increases 2026 World Cup financial benefits by 15%, introduces new red card rules
    April 29, 2026
  • Technology
    TechnologyShow More
    African-Led ANH-ARC platform launches in Ghana to transform food systems, nutrition and health
    May 2, 2026
    Amardeep Singh Hari named Ghana’s most influential tech entrepreneur of all time
    April 30, 2026
    Yellow Card publishes 2026 report on data protection and AI governance
    April 23, 2026
    Master AI and cybersecurity to fight fake news – Dr Zanetor Rawlings to Ghana’s youth
    April 22, 2026
    The Hope Network meets Prof. Mark Appiah to chart path for growth, eyes STEM Center and donor partnerships
    April 22, 2026
  • International
    InternationalShow More
    Phil Thompson confirms Joe Mettle collaboration, new song due in 4-6 weeks
    May 1, 2026
    Ghana transport delegation visits China’s Shiyan to deepen sector reforms
    May 1, 2026
    Atletico Madrid hold Arsenal 1-1 in second UCL semifinal in Madrid
    April 30, 2026
    PSG beat Bayern Munich in 9-goal thriller in Paris
    April 29, 2026
    FIFA increases 2026 World Cup financial benefits by 15%, introduces new red card rules
    April 29, 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

Phil Thompson confirms Joe Mettle collaboration, new song due in 4-6 weeks

Ghana transport delegation visits China’s Shiyan to deepen sector reforms

Atletico Madrid hold Arsenal 1-1 in second UCL semifinal in Madrid

PSG beat Bayern Munich in 9-goal thriller in Paris

FIFA increases 2026 World Cup financial benefits by 15%, introduces new red card rules

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?