This is how everyone turned on Zuma: report

Everyone from business leaders to high-ups in the ANC moved against president Jacob Zuma to reverse the damage done by his axing of former finance minister, Nhlanhla Nene.

This is according to a report by the Sunday Times, saying that the president had lost control of the party after his controversial decision lead to a market crash in the country.

Zuma made the decision to axe Nene and replaced him with unknown ANC back-seater David van Rooyen, sending the rand into free-fall, resulting in billions of rands in losses.

Three days after the decision, Zuma did a U-turn and reappointed former finance minister Pravin Gordhan to the position – but the damage had been done.

According to the Sunday Times, Zuma’s colleagues at Luthuli House took charge of the matter, while top members of Cosatu and the SACP turned on him.

Deputy President Cyril Ramaphosa reportedly distanced himself from the matter, telling his staff he had no part of Nene’s removal.

After explaining the dire consequences for the country’s economy, the political groups and business leaders reportedly gave the president two options: re-hire Nene, or appoint Gordhan.

Failing that, South Africa would have been left with a crashing market like Brazil – and the president and the ANC would have been left facing the consequences alone.

You can read the full story in the Sunday Times for 20 December 2015.

More on the Finance Minister saga

#ZumaMustFall marches racist: ANC

Big support for #ZumaMustFall marches – photos

We were never going to recall Zuma: ANC

Zuma only changed his mind when his position was threatened: analyst

Rand strengthens quickly after Zuma backtracks on finance minister decision

Latest news

Partner Content

Show comments


Share this article
This is how everyone turned on Zuma: report