Reports: Oversight of procurement processes could be taken away from Gordhan

The City Press is reporting that there could be a change to the Financial Intelligence Centre Act.

SA Minister of Finance Pravin Gordhan speaks to a group of UCT students a week before the 2016 municipal elections. Picture: Anthony Molyneaux/EWN

JOHANNESBURG - It's now emerged there are efforts within the African National Congress (ANC) to strip Finance Minister Pravin Gordhan's department of a number of its powers including oversight of procurement processes.

The City Press is reporting that there could be a change to the Financial Intelligence Centre Act which affords the Finance Minister the right to fight financial crime such as money laundering tax evasion and terrorist financing activities.

There's been speculation that National Treasury has been captured by big business.

The paper says officials in the ANC and Treasury say the plan to weaken the finance ministry could see some of its functions, such as oversight on the country's procurement systems and the capacity to monitor financial crimes, being shifted away from it.

Powers to monitor the country's procurement system rest with Treasury's Chief Procurement Officer, Kenneth Brown, who reports to Gordhan.

But there is a proposal to have brown report to the presidency instead.

There were reports earlier this week, that Brown had his security beefed up after claims that he was receiving death threats.

Gordhan is expected to return to the country from the G-20 Summit in China tomorrow.