Gordhan Saga a Proxy for Tough Choices
It has the feel of Groundhog Day. Reports of the possible arrest of Finance Minister, Pravin Gordhan this week are nothing new. Conjecture about political interference in Treasury has been part of our political discourse for almost a year. A possible replacement of a credible Finance Minister is once again a possibility. It’s all distressingly and depressingly familiar.
Pravin Gordhan now finds himself under immense pressure. Put politics aside for the moment, he now has a narrowing window of only a few months to attempt to stave off the dreaded ratings agency downgrade. He has been at pains to confess that concrete action in now required quickly to rescue the ailing economy and global perceptions. Time is fast running out.
So Gordhan has to crack the whip – if he still has one. And there’s the rub. Threats of imminent criminal charges have one single purpose – to intimidate the most important cabinet minister at the most critical time in our recent economic history.
Gordhan’s desire to consolidate fiscal spend, undo patronage networks and rent seeking and fundamentally alter the ethically moribund state of many of the core state-owned-enterprises threatens many used to years of privilege and perks. No wonder the man is under pressure.
But it increasingly seems as though Gordhan is isolated. He certainly has received no visible support from Jacob Zuma. In fact, the silence from the President is in itself deafening. This adds to the perception, that the Hawks are being used as a proxy agency intent on doing the political bidding of factions seeking to protect their turf.