JUST IN: Pravin Gordhan axed as finance minister

Finance Minister Pravin Gordhan. File photo. Image by: Siphiwe Sibeko/Reuters
President Jacob Zuma has finally removed Finance Minister Pravin Gordhan, following a week of intense speculation.

Sources confirmed that Gordhan has officially been removed from his position as Zuma met with ministers individually this evening.

The meetings follow an earlier meeting with the ANC’s top leaders.

Zuma on Monday recalled Gordhan from roadshows in London and the US aimed at investors and ratings agencies, triggering renewed speculation of a cabinet reshuffle.

The president also cancelled deputy finance Minister Mcebisi Jonas’ trip to the same events. It is believed Jonas will also be removed.

Gordhan was believed to the main target of the reshuffle.

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