Gordhan ‘arrest’ will cause economic earthquake – DA

News Guy
May 15, 2016
514 Views

The arrest of the Finance Minister Pravin Gordhan would cause an economic earthquake and make “9/12” look like a minor economic tremor, the DA said in a statement on Sunday.

Responding to a Sunday Times report that Gordhan faces “imminent arrest” after the Hawks handed a docket over to the National Prosecuting Authority (NPA) for his involvement in the SA Revenue Service’s “rogue unit”, DA shadow minister of finance David Maynier said the move would be a disaster for the country.

The timing of the rumours could not be worse and will not only cause further turmoil in the markets, but also compromise efforts to avoid a ratings downgrade in South Africa, he said.

“9/12” refers to December 9 last year when President Jacob Zuma unceremoniously sacked then Finance Minister Nhlanhla Nene, replacing him with the unknown David Des van Rooyen. Van Rooyen’s appointment lasted only four days before Gordhan was recalled to his old post.

The aftermath of the event had been well documented and Biznews.com founder Alec Hogg calculated the immediate loss to the country as R500bn.

Maynier said the report that authorities were waiting for the “political go-ahead” before arresting Gordhan and eight other officials to face charges relating to the SARS “rogue unit” was worrying.

“This suggests that the investigation is politically motivated and part of President Jacob Zuma’s fight back campaign and attempt to neuter National Treasury.

“The only option, with any hope of avoiding mutually assured destruction is to appoint a judicial commission of inquiry, in terms of Section 84 of the Constitution, to investigate all the allegations surrounding the so-called Sars ‘rogue unit’,” said Maynier.

Luvuyo Mfaku, spokesperson for the National Prosecuting Authority, on Sunday however said no decision had been made to prosecute and that the matter remained under investigation.

Source: Fin24

Read the full story here: http://www.fin24.com/Economy/gordhan-arrest-will-cause-economic-earthquake-da-20160515

[ads2]

Comments

You may be interested

22 people dead in 12 hours on KwaZulu-Natal roads
Ballito News
45 shares1789 views
Ballito News
45 shares1789 views

22 people dead in 12 hours on KwaZulu-Natal roads

News Guy - Dec 10, 2018

Twenty-two people died on KwaZulu-Natal roads on Saturday, with one accident on the N2 near Empangeni claiming 15 lives alone.…

Loadshedding Schedule: Saturday 1 December 2018 – Stage 2
Ballito News
182 shares19,930 views
Ballito News
182 shares19,930 views

Loadshedding Schedule: Saturday 1 December 2018 – Stage 2

News Guy - Dec 01, 2018

Dear Ballito, We have upsetting news for you.  Eskom announced that they need to implement Stage 2 loadshedding from 16:00…

Eskom implements stage 2 loadshedding on Friday – Ballito you are affected
Ballito News
305 shares44,123 views
Ballito News
305 shares44,123 views

Eskom implements stage 2 loadshedding on Friday – Ballito you are affected

News Guy - Nov 30, 2018

Eskom announced on Friday that it would implement 13 hours of stage 2 load shedding between 09:00 and 22:00. Ballito…

Leave a Comment

Your email address will not be published.