Thursday 29 September 2016

South Africa's president Jacob Zuma hires third finance minister in a week

Published 14/12/2015 | 10:26

Jacob Zuma has appointed South Africa's third finance minister in a week
Jacob Zuma has appointed South Africa's third finance minister in a week

South Africa's president has replaced the country's finance minister for the second time in four days.

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Jacob Zuma's office announced that recently appointed finance minister David van Rooyen will be replaced by Pravin Gordhan, who previously served as finance minister from 2009 to 2014.

In a statement, Mr Zuma said he received many proposals to reconsider his decision to install Mr van Rooyen, a former mayor and member of parliament who served on financial committees.

Mr Van Rooyen was sworn in last Thursday, after Mr Zuma's office announced that sitting finance minister Nhlanhla Nene was fired.

The abrupt announcement to replace Mr Nene saw South Africa's currency reach record lows against the US dollar.

The South African president's decision to fire the finance minister last week saw widespread criticism.

Press Association

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