South Africa: Presidency Halts Gordhan, Jonas International Roadshow, Both Instructed to Return to SA Urgently

analysis

A Cabinet reshuffle affecting South Africa's Finance Ministry appears imminent. Daily Maverick has learnt that Finance Minister Pravin Gordhan was contacted by the Presidency overnight in London and instructed to return to the country. A US leg of the National Treasury's investor roadshow was cancelled. By RANJENI MUNUSAMY.

Update: Daily Maverick has learnt that the National Treasury received written authorisation from the Presidency to embark on the international investor roadshow.The authorisation has since been rescinded by the Presidency with no reason given. The roadshow is part of efforts by government, in partnership with business and labour, to woo investors due to economic instability after the firing of former finance minister Nhlanhla Nene and jitters by ratings agencies.

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