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Gordhan back in SA, says investor trip aimed at keeping SA's good name

On Monday the Presidency said it ordered the Finance Minister and his deputy to return from an international investor roadshow.

FILE: Finance Minister Pravin Gordhan. Picture: Reinart Toerien/EWN

JOHANNESBURG - Finance Minister Pravin Gordhan has arrived back in South Africa after his investor roadshow in London was cut short by President Jacob Zuma.

On Monday, the Presidency announced Zuma had instructed Gordhan and his deputy Mcebisi Jonas to cancel an international investor roadshow.

Jonas was due to lead the US leg of the trip.

There is still no explanation from the Presidency regarding why Zuma ordered Gordhan home, but it has led to speculation that Zuma is preparing to move against Gordhan.

On Monday, ANC Secretary-General Gwede Mantashe refused to say if the party's top six officials had been consulted about a possible Cabinet reshuffle.

After landing at OR Tambo International Airport on Tuesday morning, Gordhan told the media he had met about 50 investors in London "who have great faith in our economy". He also met with two rating agencies.

He also said he follows the instructions of the President.

"The President is my boss, so if he says come back, we come back."

When asked about whether he knew about reports that he could be fired, Gordhan didn't say much: "Let's wait and see."

Gordhan said it was too soon for him to comment on a possible Cabinet reshuffle, which could see him vacate his position in the Treasury.

He did, however, address concerns raised by business, investors and the public about why he was suddenly called back home.

“South Africans should be assured that there are many in government who want to do the right things and make sure that we keep our economy on track.”

It's unclear whether Gordhan will have any meetings with the Presidency.

The finance minister said the purpose of the trip was to keep South Africa's good name, which was of benefit to all citizens.

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