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Africa

Zuma picks Gordhan as new finance minister

Latest update : 2009-05-10

Newly sworn-in President Jacob Zuma (pictured) has named the head of South Africa's tax agency, Pravin Gordhan, to serve as the country's new finance minister. Zuma's new cabinet will be sworn in on Monday.

AFP - South Africa's long-serving finance minister Trevor Manuel will leave his post to head a new National Planning Commission within cabinet, President Jacob Zuma announced Sunday.
   

Manuel will become a minister in the presidency charged with the planning commission, while the respected head of South Africa's tax agency Pravin Gordhan will take over the finance post, Zuma told a press conference.
   
"The National Planning Commission will be responsible for strategic planning for the country to ensure one national plan to which all spheres of government would adhere," Zuma said.
   
"This would enable us to take a more comprehensive view of socio-economic development in the country."
   
Manuel is credited with steering South Africa's banks safely through the global finanical crisis. The charismatic finance minister also oversaw the country's first budget surplus in 30 years.
   
South Africa's new cabinet is set to be sworn in on Monday, two days after Zuma took office on the heels of the African National Congress's victory in parliamentary elections two weeks ago.
   
 

Date created : 2009-05-10

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