• The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

  • Web of dependency

    Zupta defenders are playing cat and mouse with ratings agencies, says Solly Moeng.

All data is delayed
See More

Gordhan: I have no personal knowledge of Gupta meeting

Mar 14 2016 15:32
Genevieve Quintal, News24

Johannesburg - Finance Minister Pravin Gordhan on Monday said he has no personal knowledge about an alleged meeting held between his deputy Mcebisi Jonas and the Guptas.

"There is nothing I can tell you," he told reporters in Johannesburg in reaction to questions on reports that the Gupta family and deputy secretary general of the African National Congress Jesse Duarte offered Jonas the top job ahead of 9/12.

Gordhan was briefing the media in a feedback session on South Africa's roadshow to appease investors in the UK and the US as South Africa faces a possible downgrade. Moody's placed South Africa on intense watch last week for a possible downgrade to one notch above junk status.

Jonas was not present at the briefing.

"You have addressed the question, while I was away, with Treasury, [and] you have a response on the record. If there is anything further to add, we will let you know."

The Sunday Times reported at the weekend that the Guptas, who are said to have close ties with President Jacob Zuma and other ANC leaders, offered Jonas the ministry's top job before Nhlanhla Nene was removed.

However, Jonas reportedly turned them down.

It also reported that the president's son Duduzane was present at a meeting at a Sandton hotel in November. The newspaper further alleged that Jonas was again offered this position a few days later by Duarte.

Earlier, Treasury strongly denied that any of its senior officials could have been the source of a report in the Sunday Times.

Gordhan on Monday reiterated Treasury's stand on the issue.

"We know nothing about that and in any event, so-called senior officials are not required to enter into the political terrain on these sorts of matters and if we do find out that somebody crossed the line, we will deal with that."

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.



Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote