Zuma’s Cabinet Reshuffle: Sources Say Brian Molefe Will Be Minister Of Finance

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While South Africans debate on whether Zuma would reshuffle the cabinet or not, reliable sources says the President will be appointing Eskom former boss, Brian Molefe, South Africa’s new Minister of Finance.

According to Business Report Online which had contact with the reliable sources, the former Eskom boss who was placed at the Guptas’ Saxonwold homestead by public protector Thuli Madonsela’s state capture report last year, will take over from Pravin Gordhan as the treasury head and finance minister.

The sources said that the president will be replacing as many as 9 ministers which includes the finance minister and his deputy.

This report follows instruction from the presidency that Gordhan and his deputy, Jonas should cancel the international investment road show to the UK and US ” and return to South Africa immediately”.

Read Also: Cabinet Reshuffle In South Africa: What We Know So Far

Gordhan, his deputy Mcebisi Jonas and business and labour minister were on a week-long visit to the UK and US where they were to to drum up support for international investments.

The international roadshow by Gordhan is one of the trips he has been undertaking in the past few months to woo investors into investing in South Africa. The recall intensified speculation of a reshuffle in the Cabinet where Zuma is said to be replacing major cabinet members with his cronies.

Brian Molefe was last month, appointed and sworn in as MP amid widespread speculation that he is to be appointed as a member of President Jacob Zuma’s Cabinet.

Sunday Times reported earlier that the North West ANC sent a request for Molefe to be included as an MP so as to pave way for his appointment as a minister.



From time to time we review lists and asses our strengths and weaknesses. Brian is a citizen of this country and a resident of our province. Him having announced his exit from Eskom and so excellently executed his mandate, we are of the view that he, and other cadres we are engaging, can contribute immensely to the strengthening and deepening of democracy in our province,” said North West provincial secretary Dakota Legoete.

According to reports, Brian Molefe was widely tipped to have been sworn in as an MP to replace Gordhan, who has seemingly raised Zuma’s ire by being at loggerheads with the controversial Gupta family who, on the other hand, have been largely accused of spearheading the controversial state capture.

Brian Molefe as South Africa’s next Finance Minister has the backing of the African National Congress youth League (ANCYL) with the president Collen Maine calling him an example of ‘black excellence.

Meanwhile, ANC’s secretary-general said Zuma’s decision to recall Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas from an investors’ roadshow in the UK had to do with government, and not the party’s national executive committee.

Mantashe who rose in defence of the party’s NEC on the matter said the effect of Zuma’s decision on the rand will depend on which steps he takes next.

“Calling the minister back was not an ANC matter, that is a government matter … we do not know how it was done, who gave permission or did not give permission, we are not aware,” Mantashe told reporters in Johannesburg following the governing party’s NEC meeting over the weekend.

Read Also: Finance Investment Roadshow: Did Zuma Recall Gordhan Just To Humiliate Him?

Gordhan reportedly told the international news agency that he intended to conclude his engagement with foreign investors in London. He had been due to return to South Africa on Monday night.

Federation of Unions of South Africa (Fedusa) Dennis George, who is part of the Gordhan delegation, however told a radio station that Gordhan made assurances that the trip would continue as scheduled.

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