By firing Gordhan, Zuma risks a market meltdown.
South African President Jacob Zuma faces a rebellion within his own party if he fires Finance Minister Pravin Gordhan, with about 12 ministers considering resigning their positions and then fighting for the president?s removal, according to four people familiar with the situation.
?Zuma is caught between the proverbial rock-and-a-hard-place,? Daniel Silke, director of Political Futures Consultancy in Cape Town, said by email.
Finance Minister Pravin Gordhan Photographer: Waldo Swiegers/BloombergZuma told the ANC?s top six members and officials of the South African Communist Party, which is allied to the ruling party, that he planned to fire Gordhan because he was blocking his policies.
Zuma was pressured to appoint Gordhan in 2015 after a decision to name a little-known lawmaker to the position caused the rand and bonds to plunge.
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