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Title : South Africa's President Jacob Zuma Sacks Finance Minister Pravin Gordhan
link : South Africa's President Jacob Zuma Sacks Finance Minister Pravin Gordhan

South Africa's President Jacob Zuma Sacks Finance Minister Pravin Gordhan

South Africa's President Jacob Zuma has sacked Finance Minister Pravin Gordhan after days of speculation that rocked the country's markets and currency.

Pravin Gordhan will be replaced by Malusi Gigaba, said a statement issued late on Thursday by the president's office.

Earlier this week, President Zuma recalled Mr Gordhan from planned events in the UK.

Sfiso Buthelezi will become Deputy Finance Minister, replacing Mcebisi Jonas.

President Zuma also made a number of other changes in the cabinet.

"I have directed the new ministers and deputy ministers to work tirelessly with their colleagues to bring about radical socioeconomic transformation and to ensure that the promise of a better life for the poor and the working class becomes a reality," President Zuma's statement said.

Last October, Pravin Gordhan was charged with fraud - but the charges were later dropped.

Pravin Gordhan has described the allegations as politically motivated.

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