South Africa has its third finance minister in less than a week. Pravin Gordhan was rushed into the position on Sunday night after days of confusion. Finance minister Nhanhla Nene was attempting to rein in state spending, including a controversial nuclear deal, but was fired last week and replaced with David van Rooyen, a little-known backbencher with no experience of working in the national government. The rand fell to a record low. Angry South Africans began planning marches on the presidential offices. On Sunday Mr Zuma removed Mr van Rooyen (after only four days in office) and announced that Mr Gordhan, an experienced ex-finance minister, had replaced him. It will be difficult to repair the reputational damage done by this reshuffle of one of the government’s most important positions.
South Africa: three finance ministers in six days
Written by Linda Digby 18 Dec 2015Additional Info
- Pray: for changes in South Africa’s government (which is noted for corruption scandals). (Ps.15:1,2)
- More: www.economist.com/news/middle-east-and-africa/21684043-investors-are-hoping-south-africas-latest-finance-minister-can-steady-ship-south?zid=304&ah=e5690753dc78ce91909083042ad12e30