Treasury has “nuclear bomb” which guarantees the end of Zuma: Report

BizNews reported that Treasury has a “nuclear bomb” option, which will guarantee the end of President Jacob Zuma, but will also take the country to rock bottom.

The Hawks are currently investigating Finance Minister Pravin Gordhan, which is seen by many as a political move to replace the finance minister.

Many experts believe Zuma, with the influence of the Gupta family, is behind the Hawks investigation – with the aim of capturing Treasury.

Gordhan allegedly told Treasury staff in a meeting on Friday that the Guptas were attacking him because of the work the department was doing.

According to News24, Gordhan said the Hawks had a faulty legal reading of the charges against him and there was no legal basis for their investigation.

He also allegedly said that what was happening in the country was a battle for “Mandela values” versus the values of those who steal.

BizNews founder Alec Hogg said a Treasury insider told him that a top team at the Treasury has a plan should Zuma try to “capture the national reserves”.

“They called it the nuclear bomb option, something so drastic it will only be effected should Zuma try to eject SA Treasury’s respected leader, Gordhan,” said Hogg.

“Treasury’s nuclear bomb option is apparently so powerful that it guarantees if Gordhan goes, so will the country’s credit rating (and rand, and stock market),” said Hogg.

“Hitting the button will also see the end of Zuma. Taking the country to a rock bottom some say is a small price to pay. Hopefully it is not required.”

Read the full report here: Zuma v Gordhan: the end game – Treasury considers “nuclear bomb” option

More on Gordhan and the economy

Warning of South African junk status downgrade if Gordhan exits

Finance Minister Pravin Gordhan takes on the Guptas, SABC

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Treasury has “nuclear bomb” which guarantees the end of Zuma: Report