Gordhan Versus ANCYL War: League Launches Another Scathing Attack On The Minister

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Finance Minister Pravin Gordhan has never been ANCYL’s favourite.

The African National Congress Youth League (ANCYL) wants Finance Minister Pravin Gordhan redeployed for failing to transform the Treasury.

The league made its intention known at Luthuli House on Friday while addressing reporters on the outcome of its National Executive Committee (NEC) meeting.

Read also: ABSA Leaked Report: Watch ANCYL Storm Absa Demanding It Pays Back Bailout Fund

The league alleged that since the minister took the Treasury, he has continued to protect white monopoly capital and has been supporting financial institutions in the country.

ANCYL secretary general Njabulo Nzuza insisted that Minister Gordhan is not the only person who deserves to be redeployed; adding that the Treasury urgently needs a complete overhaul.

He called on the government to embark on an intensive restructuring of Treasury administration and management, starting with the redeployment of Comrade Gordhan.

“let Pravin be redeployed somewhere else, and get someone who won’t protect monopoly capital. Get someone who is going to start cracking the whip in Treasury, to make sure that the people in Treasury will have the appetite to pursue the development agenda of South Africa and not protect white monopoly capital,” said Nzuza.

The ANCYL also touched on OR Tambo, tropical storm Dineo, the life Esedimeni tragedy and advocated for the Freedom Charter to be respected and honoured especially in relation to the “mineral wealth of the country”



Moving away from Gordhan’s talk, the league also called on the government to urgently convert the post bank to “a state bank and the primary banker of government”.

In addition, it entreated the government to also nationalise the Reserve Bank by 2018.

They added: “Moody’s must no longer be invited to do any form of rating for South Africa, as they have been proven to be susceptible to corruption for which they recently paid a fine”.

Recently, the youth league has indirectly indicated it has no confidence in Gordhan, who it accused of serving and protecting the interest of the white folks.

Like in previous attacks, they gave no reasons for their antagonism towards the minister, but it apparently has everything to do with Gordhan’s fallout with President Jacob Zuma.

Read also: Government Must Stop Banking With ABSA – ANCYL

All through last year, prosecution cases against the minister were pursued by the National Prosecution Authority (NPA) and other corruption agencies.

The charges were widely viewed as an attempt to remove Gordhan from office without formally dismissing him. Apparently, the minister’s supporters upheld that the reason why Zuma is fighting for his removal is to loosen controls over the country’s National Treasury.

On paper, Gordhan has served two terms as finance minister – from 2009 to 2014. He took over the position again in December 2015 after President Zuma abandoned the disastrous appointment of Des van Rooyen.

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