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South Africa Finance Chief’s Chances of Keeping Job Brighten

  • Minister in Presidency says cabinet affirms support of Gordhan
  • President Zuma appoints Gordhan to education task force
Bloomberg business news

South Africa's Fuzile on Gordhan, Investor Confidence

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The chances of Finance Minister Pravin Gordhan keeping his job after prosecutors charged him with fraud brightened on Wednesday after he won the backing of cabinet and President Jacob Zuma appointed him to a task force on education.

“Cabinet has affirmed its support for Finance Minister Pravin Gordhan,” Jeff Radebe, a minister in the presidency, told reporters in Pretoria, the capital, following a cabinet meeting. He’s “innocent until otherwise proven by a court of law.”