President Jacob Zuma needs to consider further action followingMineral Resources Minister Mosebenzi Zwane’s statements about the banking sector, the SACP said on Saturday.

The SACP says it noted the Presidency’s statement on Friday in which it distanced itself from Zwane’s utterances on Thursday as representing his personal views and not those of the Cabinet.


“The minister said a Cabinet inter-ministerial committee in which he is involved recommended to the president to establish a judicial commission of inquiry into the decisions taken by various financial institutions to cut business ties with the Gupta-owned Oakbay Investments,” the SACP said in a statement.

zuma“This directly contradicted a public outcry and call to the president, including by the SACP, to establish a judicial commission of inquiry into corporate state capture not limited to but including allegations levelled against the Guptas.

“Minister Zwane’s utterances effectively fed into the use of our Cabinet to advance the private business interests of the Guptas while ignoring public outcry and call for a judicial commission into corporate state capture.

“It also shows how an individual Cabinet minister can use his position to serve private business interests, break policy coherence, and cause the confusions (sic) such as the Presidency had to clarify regarding Zwane’s utterances.‎ Such wrongful things must come to an end. The president needs to consider further action to achieve the objective,” the SACP said.

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