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ANC calls on Zuma to ‘reprimand’ and ‘discipline’ Zwane

The ANC says Minister Mosebenzi Zwane’s recent actions have brought the country’s leadership into disrepute.

The national ANC says while it welcomes the presidency’s statement distancing itself from Mineral Resources Minister Mosebenze Zwane's comments, it believes President Jacob Zuma needs to do more.

JOHANNESBURG - The African National Congress (ANC) has called on the president to "discipline" and "reprimand" Mineral Resources Minister Mosebenzi Zwane for his statement regarding an inquiry into the major banks.

On Friday, Zwane released a statement saying cabinet had agreed on a recommendation to the president that a judicial inquiry be established into why some of the country's banks closed the Gupta family's accounts.

Thereafter the Presidency issued a contradictory message, saying Minister Zwane's assertions do not reflect the position or views of cabinet or government.

The national ANC says while it welcomes the presidency's statement distancing itself from Mineral Resources Minister's utterances, it believes President Jacob Zuma needs to do more.

Party spokesperson Zizi Kodwa says, "We think it was not enough that the presidency distanced itself, and the cabinet, from that statement. The president must discipline Zwane."

The ANC says Zwane's actions have brought the country's leadership into disrepute, and show that there might be people outside government who control him.

LISTEN: Mineral resources spokesperson speaks on the judicial inquiry into the banks

CONTRADICTING MESSAGES MAY FRUSTRATE SA ECONOMY

Economists have warned that the contradicting messages from government over the Gupta family and an Inter-Ministerial Commission's recommendations regarding their bank accounts may further frustrate the markets.

Group chief economist at Standard Bank Goolam Ballim says, "South Africa has witnessed, over the last couple of weeks, conflicting voices emerging, not just from government but also from the party, clearly tensions, divisions and fights within the party is beginning to spill into government."

Economist Dawie Roodt says rating agencies are watching and taking note.

"The confusion that is going in government. The contradictions that we're getting from government, the total lack of leadership that we get from government is really something that we all need to be extremely concerned about."