ravin Gordhan is the incumbent South African finance minister, a job he held from 2009 to 2014 before he was appointed minister of cooperative governance and traditional affairs. He held this post until December, when he was reappointed finance minister in the middle of the month after the president fired Nhlanhla Nene and replaced him, briefly, with a little-known ANC MP, David “Des” van Rooyen. Van Rooyen’s appointment sent the rand into free fall and there was an international and national outcry that led to Gordhan’s reappointment.
He was the commissioner of the SA Revenue Service (Sars) from 1999 to 2009, the same post that Tom Moyane fills now.
WHAT WILL KEEP HIM IN HIS POSITION:
His track record as Sars commissioner, as well as his tenure as finance minister. During, in particular, his previous stint in charge of Treasury, he built up respect and trust among investors and businesspeople. President Jacob Zuma would need to be very careful about choosing to side with Moyane and to fire Gordhan, as this would result in a further shock that would add ominously to the events of December and hasten the slide of the economy into the abyss.
WHAT MIGHT GET HIM FIRED:
relationship with Zuma. Gordhan comes across as a fairly independent-minded finance minister, not Zuma’s lackey. 2The
alleged Sars “rogue unit”, which is accused of having used illegal methods to gather information. A KPMG report, commissioned by Moyane, alleges Gordhan was responsible for the unit.