Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News
      China nets a falling rocket in reusability race with SpaceX

      China nets a falling rocket in reusability race with SpaceX

      10 July 2026
      Battlefield tech could save lives on South Africa's roads - Dithoto Modungwa

      Battlefield tech could save lives on South Africa’s roads

      10 July 2026
      Customers prefer ChatGPT to your company's AI chatbot

      Customers prefer ChatGPT to your company’s AI chatbot

      10 July 2026
      South Africans warm to AI doing their shopping: DHL

      South Africans warm to AI doing their shopping: DHL

      10 July 2026
      OpenAI debuts ChatGPT Work - and GPT-5.6 - in enterprise push

      OpenAI debuts ChatGPT Work – and GPT-5.6 – in enterprise push

      10 July 2026
    • World
      Swingeing jobs cuts at Microsoft's Xbox unit

      Swingeing jobs cuts at Microsoft’s Xbox unit

      6 July 2026

      SK Hynix ends Samsung’s 26-year reign at the top

      22 June 2026
      Google on the hook for what its AI tells users, court rules

      Google on the hook for what its AI tells users, court rules

      15 June 2026
      How Russians juggle VPNs to outwit the Kremlin

      How Russians juggle VPNs to outwit the Kremlin

      15 June 2026
      Amazon CEO flagged Anthropic AI risks to Washington - Andy Jassy

      Amazon CEO flagged Anthropic AI risks to Washington

      14 June 2026
    • In-depth
      AI boom sparks rally, frenzy and fear

      AI boom sparks rally, frenzy and fear

      11 June 2026
      Every plug-in hybrid on sale in South Africa, ranked by price - Lamborghini Temerario

      Every plug-in hybrid on sale in South Africa, ranked by price

      7 June 2026
      What Wi-Fi 8 will mean for wireless networks

      What Wi-Fi 8 will mean for wireless networks

      1 June 2026
      Alfa's electric rebel - Alfa Romeo Junior Elettrica Veloce

      Alfa’s electric rebel

      29 April 2026
      Africa switches on as Europe dims the lights

      Africa switches on as Europe dims the lights

      9 April 2026
    • TCS
      Watts & Wheels S1E7: 'Ferrari's EV breaks the internet'

      Watts & Wheels S1E7: ‘Ferrari’s EV breaks the internet’

      8 July 2026
      TCS+ | How Tracker is turning vehicle data into business strategy - Silvia Schollenberger

      TCS+ | How Tracker is turning vehicle data into business strategy

      1 July 2026
      TCS+ | IBM Bob: an AI-powered 'development partner' for the enterprise - David Spurway

      TCS+ | IBM Bob: an AI-powered development partner for the enterprise

      30 June 2026
      Watts & Wheels S1E6: 'A flawless Alfa and a bakkie that divides'

      Watts & Wheels S1E6: ‘A flawless Alfa and a bakkie that divides’

      17 June 2026
      Watts & Wheels S1E6: 'A flawless Alfa and a bakkie that divides'

      Watts & Wheels S1E5: ‘A Bentley of the bush and a car that swims’

      8 June 2026
    • Opinion
      The author, Fanie van Rooyen

      South Africa can still catch the AI wave – here’s how

      7 July 2026
      The author, Fanie van Rooyen

      The AI utopia South Africa can’t afford

      1 July 2026
      The author, Jannie van Zyl

      South Africa’s broadband future is being decided in orbit, not in Pretoria

      30 June 2026
      The author, Pambos Soteriades

      The pivot South Africa’s MVNOs cannot afford to miss

      23 June 2026
      Brazil's online gambling crackdown is a lesson for South Africa

      Brazil’s online gambling crackdown is a lesson for South Africa

      22 June 2026
    • Company Hubs
      • 1Stream
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • Ascent Technology
      • AvertITD
      • BBD
      • Braintree
      • CallMiner
      • CambriLearn
      • CM Telecom
      • Contactable
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • HOSTAFRICA
      • Incredible Business
      • iONLINE
      • IQbusiness
      • Iris Network Systems
      • Kaspersky
      • LSD Open
      • Mitel
      • NEC XON
      • Netstar
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Telviva
      • Tenable
      • Vertiv
      • Videri Digital
      • Vodacom Business
      • Wipro
      • Workday
      • XLink
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Financial services
      • HealthTech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Policy and regulation
      • Public sector
      • Retail and e-commerce
      • Satellite communications
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
      • Watts & Wheels
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » Gordhan speaks out after day of high drama

    Gordhan speaks out after day of high drama

    By Agency Staff26 February 2016
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Pravin Gordhan
    Pravin Gordhan

    Finance minister Pravin Gordhan said on Friday there is a group of people that are not interested in South Africa’s economic stability and who seemingly want to disrupt institutions and destroy reputations.

    In a day of high drama, in which it was revealed that Gordhan threatened to resign days before he was to deliver his budget speech, the minister issued an impassioned statement calling for calm and confidence in South Africa.

    He said there is a group of people who are not interested in the economic stability of the country and the welfare of its people. “It seems they are interested in disrupting institutions and destroying reputations.”

    Gordhan said over the past few weeks, he had worked with the national treasury to deliver a budget that “reinforces South Africa’s fiscal credibility and outlines the measures we will take to improve economic growth and tackle our challenges of poverty, inequality and unemployment”.

    Gordhan was reappointed finance minister in an equally turbulent period in December when President Jacob Zuma replaced the respected Nhlanhla Nene with the little-known Des van Rooyen, only to replace him four days later with Gordhan. The incident sent the markets reeling, wiping over R150bn off the JSE and pushing the rand into free fall.

    Calm has returned since Gordhan’s recall to his old job, and on Wednesday he delivered a national budget that speaks to South Africa’s economic challenges.

    Gordhan said on Friday that in the current climate of uncertainty in the global and domestic economy, it is necessary to strengthen business and investor confidence so that the poor do not suffer as a result of “our failure to act coherently in matters of national interest, as business, labour and government”.

    Gordhan said he wants to publicly state his version of events in relation to a letter he received from the Hawks on Thursday, 18 February 2016.

    The Hawks asked him to answer three pages of questions, keep the letter confidential and not interfere with “state witnesses”. They did not indicate who the witnesses were. “I believe this was meant to intimidate and distract us from the work that we had to do to prepare the 2016 budget.”

    Gordhan said he is prepared to take whatever legal action necessary to protect himself and the national treasury from any elements seeking to discredit him, the institution and its integrity.

    • Read the full text of Gordhan’s statement

    Fin24

    Follow TechCentral on Google News Add TechCentral as your preferred source on Google


    Des van Rooyen Jacob Zuma Pravin Gordhan
    WhatsApp YouTube
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleStatement by Pravin Gordhan: full text
    Next Article Net1 CEO Serge Belamant had fake PhD

    Related Posts

    Brazil's online gambling crackdown is a lesson for South Africa

    Hold the doom: the case for a South African comeback

    26 February 2026
    Television at 50 | How the SABC lost its way - and what it must become

    Television at 50 | How the SABC lost its way – and what it must become

    5 January 2026
    ICT BEE fight deepens as MK, EFF target Malatsi - Colleen Makhubele

    ICT BEE fight deepens as MK, EFF target Malatsi

    15 December 2025
    Company News
    Rain supercharges 5G with Huawei

    Rain supercharges 5G with Huawei

    10 July 2026
    Africa's data centres: AI, edge computing and new energy demands - Vertiv OADC Open Access Data Centres

    Africa’s data centres: AI, edge computing and new energy demands

    9 July 2026
    The best way to automate customer engagement using AI and WhatsApp - CM.com

    The best way to automate customer engagement using AI and WhatsApp

    9 July 2026
    Opinion
    The author, Fanie van Rooyen

    South Africa can still catch the AI wave – here’s how

    7 July 2026
    The author, Fanie van Rooyen

    The AI utopia South Africa can’t afford

    1 July 2026
    The author, Jannie van Zyl

    South Africa’s broadband future is being decided in orbit, not in Pretoria

    30 June 2026

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Latest Posts
    China nets a falling rocket in reusability race with SpaceX

    China nets a falling rocket in reusability race with SpaceX

    10 July 2026
    Battlefield tech could save lives on South Africa's roads - Dithoto Modungwa

    Battlefield tech could save lives on South Africa’s roads

    10 July 2026
    Customers prefer ChatGPT to your company's AI chatbot

    Customers prefer ChatGPT to your company’s AI chatbot

    10 July 2026
    Rain supercharges 5G with Huawei

    Rain supercharges 5G with Huawei

    10 July 2026
    © 2009 - 2026 NewsCentral Media
    Built and maintained by Chronon
    • Cookie policy (ZA)
    • TechCentral – privacy and Popia

    Type above and press Enter to search. Press Esc to cancel.

    Manage consent

    TechCentral uses cookies to enhance its offerings. Consenting to these technologies allows us to serve you better. Not consenting or withdrawing consent may adversely affect certain features and functions of the website.

    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}