Zuma Faces Widening Backlash After South African Cabinet Purge

  • Deputy President Ramaphosa opposes firing of finance minister
  • Bank stocks, rand, bonds tumble after cabinet shakeup

South Africa's Zuma Fires Finance Minister Gordhan

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South African President Jacob Zuma faced a widening public backlash from senior members of the ruling African National Congress including his deputy, Cyril Ramaphosa, after he fired his finance minister and made sweeping cabinet changes.

“I made my views known. There are quite a number of other colleagues and comrades who are unhappy about the situation, particularly the removal of the minister of finance,” Ramaphosa said Friday in remarks released by his office. While he said he wouldn’t resign, he called Zuma’s reasons for removing Pravin Gordhan “unacceptable.”