SA Cabinet Reshuffle: President Jacob Zuma has come up with reasons why he displaced some of his cabinet members last week Thursday.
While we all thought that Zuma made the amendment to gain access to the treasury, the number one citizen has downplayed the speculation, proving everybody wrong.
On Tuesday, the president attended the launching of a new locomotive launched Transnet in Pretoria, where he touched on the controversial reshuffle that has since plunged the country into tumult and a state of hurly-burly.
President Zuma attends the official launch of the Trans Africa Locomotive at Koedoesoort, Pretoria (2/2) pic.twitter.com/Msc3JQ29Hx
— PresidencyZA (@PresidencyZA) April 4, 2017
Though he refused to comment on the country’s economic downgrade, he was generous enough to detail reasons why he showed Gordhan and others the exit door last week.
As earlier stated, Zuma re-emphasized that the reason for his reshuffle is to “add renewed energy” to the Cabinet and to enable young MPs to start gaining experience in positions of leadership.
“We expect the changes to add renewed energy into the cabinet and the executive as a whole. We are proud of having added many young ministers, which is an investment in the future. If we don’t enable young MPs to gain experience now‚ we may battle with experience at a later stage in the national executive,” he said.
In a bid to convince his listeners, Zuma added that though political leadership has changed in the finance ministry particularly, government’s overall policy orientation remains the same.
Zuma didn’t end his speech without mentioning former Finance Minister Pravin Gordhan, who he said did wonderful and brilliant work at the Treasury.
That notwithstanding, he expressed confidence that Gordhan’s successor Malusi Gigaba will continue the good works of Gordhan at the Treasury.
Mr. Gordhan officially handed over to Malusi Gigaba on Tuesday morning. Likewise, the police minister received a welcoming parade in Pretoria West in the early hours of today.
Gigaba acknowledged that S&P’s downgrade to BB+ was a setback, adding that “Despite our current challenges, now is not a time for despondency.”
Meanwhile, South Africa’s biggest trade union (Cosatu) called on President Jacob Zuma on Tuesday to quit after his cabinet reshuffle cost the country one of its investment-grade credit ratings and deepened splits within the ruling African National Congress (ANC).
Shortly after Cosatu released the statement, the rand which slumped by as much as 1.9 percent at the start of trading on Tuesday, trimmed some losses to trade at 0.5 percent lower.
Gordhan’s sacking has outraged opponents and some political allies of Zuma, undermining his authority as president and threatening to split the ANC, which has governed South Africa since the end of apartheid in 1994.