Reports suggest that President Jacob Zuma may reshuffle his cabinet including Gordhan. The three together with key National Treasury officials, business and labour were on a non-deal international investor roadshow. This follows extensive engagements by senior National Treasury officials with domestic investors following the tabling of the 2017 Budget. Business Leadership South Africa in a statement said the President’s announcement directive is “ill advised”. The damage to investor sentiment to South Africa as a result of the President’s decision should not be underestimated.

Source: The North Africa Journal March 27, 2017 09:58 UTC