Gordhan has become a national and economic liability – here are 5 reasons why he must be fired
12 October 2023
Given the devastating report card by the Auditor General (A-G) on the financial performance of the Department of Public Enterprises (DPE) and the entities that report to it - Minister Pravin Gordhan’s resignation letter should have been on President Cyril Ramaphosa’s desk this morning.
Gordhan has literally collapsed the finances the DPE after the A-G gave the Department a qualified audit outcome with findings. He has extended and mirrored this failure to Sate Owned Enterprises (SOEs) reporting to him, with 5 of the 7 seven that reporting to him still not having finalized their financial statements six months after the close of the financial year.
The only reason Ramaphosa still keeps Gordhan in his Cabinet is for political expediency to insulate himself against the faction-riddled ANC. If Ramaphosa was committed to acting in the national interest, here are 5 reasons why he should act to fire Gordhan with immediate network:
Breaking the backbone of the South African economy – The rapid decline of Transnet under Gordhan has seen the amount of goods transported by the freight rail system, in the last 5 years, plunge from 150 million tons to 226 million tons. Transnet’s collapse is estimated to be costing the country R1 billion a day in economic output, equivalent to 4.9% of annual GDP or R353 billion.