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Sun Jul 31 03:41:00 CAT 2016

Pravin fights for Team SA

© BDlive | 04 March, 2016 00:55
On Wednesday Gordhan said he would not resign as he had a job to do to help South Africa avoid a sovereign rating downgrade. File photo
Image by: MIKE HUTCHINGS / REUTERS

Finance Minister Pravin Gordhan will soon undertake a roadshow to the US and UK to address foreign investors on South Africa's economic situation.

The trip comes as he faces pressure from the Hawks, an elite police unit, to answer 27 questions relating to a "rogue unit" allegedly formed at the SA Revenue Service in 2009 when he was commissioner.

On Wednesday Gordhan said he would not resign as he had a job to do to help South Africa avoid a sovereign rating downgrade.

"We would be undertaking a roadshow . to have meetings ... particularly with people who, and institutions that, are invested in our bonds, to explain the budget to them and the kind of direction we want to go," he said.

He said he would leave the tension between him and SARS boss Tom Moyane up to President Jacob Zuma to give direction.

Good working relations between the two offices are essential as SARS collects taxes that the Treasury allocates to all spheres of government to spend.

"I'll leave it to the president to give us the kind of direction that we need to take but at the end of the day what you want is a professional set of relationships and a professionally run institution that focuses on its core business," Gordhan told journalists after a Deloitte post-budget briefing yesterday.

The main issues about which Gordhan and Moyane differ relate to the restructuring processes that Moyane had initiated at SARS, which Gordhan wanted halted so he can evaluate their effectiveness.

Gordhan can make such a request because it is his department to which SARS accounts.

Gordhan said though the policy direction on most issues was "very clear", those few areas where policy uncertainty existed, for instance some laws in the mining sector, needed to be minimised, adding that this topic would form part of discussions at an interministerial committee meeting today.

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