Thanks to the reprieve from credit rating agency S&P Global Ratings, this week will not resemble last year’s economic and political turmoil as a result of President Jacob Zuma’s reckless decision to remove Nhlanhla Nene as finance minister. Still, South Africa is not out of the woods. A Cabinet reshuffle has been anticipated for several months, with fears that Zuma will give in to pressure to chop Pravin Gordhan. After the revolt from within the ANC national executive committee (NEC), there has been further speculation that Zuma might wield the axe. But Zuma is wounded and needs to retreat to consider his next moves. By RANJENI MUNUSAMY.