Busa ‘reiterates confidence in Gordhan’ after NPA announces fraud charges

11 October 2016 - 15:17 By Ntsakisi Maswanganyi

Business Unity SA (Busa) – one of SA’s biggest business organisations - says while it respects institutions of law‚ it is confident in Finance Minister Pravin Gordhan and that he should be considered innocent until proven guilty. “As Busa we respect the institutions that have been set up by the Constitution and we allow them to do their work without us second-guessing why they have made such decisions but we also know that somebody is innocent until proven guilty. So we will wait to see how the process unfolds‚” Busa CEO Khanyisile Kweyama said in an interview on Tuesday. Gordhan has been summonsed to appear in court on fraud charges relating to the early retirement of former South African Revenue Service (Sars) deputy commissioner Ivan Pillay when Gordhan was still Sars head.Gordhan‚ meanwhile‚ told a conference on Tuesday that he would be in court on November 2.Busa said it remains confident in the minister.“We also want to reiterate our confidence in Gordhan and the work he has been doing with business to avert a ratings downgrade‚ stabilise the economy and stimulate job creation particularly for the youth‚” Kweyama said.“We have been working with him on that and he has just come back with business leaders from a road show to avoid the downgrade. We are concerned that he has to be dealing with this (case) at this time‚” said Kweyama.Gordhan and business leaders were recently in London and New York trying to woo investors and to avert a downgrade.The rand weakened more than 3% against the dollar and the JSE’s banking index dropped by the same amount as National Director of Public Prosecutions Shaun Abrahams began making the announcement on Tuesday.- TMG Digital/BDlive..

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