Mr Gordhan has been trying to keep a tight rein on government spending
The South African Communist Party (SACP) says that President Jacob Zuma told them he intended to replace his finance minister Pravin Gordhan, as well as his deputy Mcebisi Jonas.
The SACP, a key ally of the governing African National Congress (ANC), said it was against the proposed reshuffle.
South African media have reported that many senior ANC figures are also opposed to the president’s apparent plan to replace Mr Gordhan — who is widely respected internationally.
The South African currency, the rand, has fluctuated based on speculation about the fate of Mr Gordhan.
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