7 SA finance ministers from the past and what they're doing now

7 SA finance ministers from the past and what they're doing now

South Africa welcomed former governor of the SA Reserve Bank, Tito Mboweni, as the new finance minister and his future looks bright. Nhlanhla Nene resigned as finance minister after he testified ad the state capture inquiry where it was revealed how much he had to do with the Gupta family.

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Briefly.co.za decided to take a look at the men who previously held the office of finance minister and what they're up to these days.

Nhlanhla Nene

Nene became finance minister back in 2014. He took over from Pravin Gordhan after serving as deputy finance minister. When he refused to approve a Russian nuclear deal, he was fired. Early in 2018, Ramaphosa gave him back his job as finance minister. Then in May, he was chosen as chairperson of the board of governors of the New Development Bank.

For now, it's unclear what Nene will do.

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Pravin Gordhan

Gordhan served as SA's finance minister for 5 years after Jacob Zuma first appointed him. He became Minister of Cooperative Governance and Traditional Affairs in 2014. In 2015, he took over from Des van Rooyen, shaking the markets. His time as minister didn't go without opposition and he even appeared before the NPA about the early retirement of former deputy commissioner of SARS, Ivan Pillay.

Now, Gordhan serves as SA's public enterprise minister and seems comfortable in the role.

Des van Rooyen

Van Rooyen's appointment to finance minister was perhaps the most controversial. Soon after Zuma brought in van Rooyen, the rand plummeted to a record low. His time as minister was not long - he was removed after 3 days and replaced by Gordhan.

Van Rooyen is still around in government as an ANC member of parliament.

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Derek Keys

Keys was at the helm of finances during the country's transition period (1992-1994). Keys stepped down in 1994. He was first appointed by de Klerk and kept on by Mandela.

Keys passed away earlier in 2018 at the ripe old age of 85.

Trevor Manuel

Manuel seems to have been in the government all his life. He was trade and industry minister from 1994 until 1996, when he became finance minister. Manuel remained in this role until 2009.

Manuel is currently the deputy chairperson of Rothschild Group, having held the position since October 2014.

Currently, Manuel is the deputy chairperson of Rothschild Group, where he has been since 2014.

Chris Liebenberg

Liebenberg was Keys' replacement in 1994. He served in the role of finance minister until 1996. Not much is known of Liebenberg as he now lives a private life. He is now 84 years old.

Malusi Gigaba

Gigaba served in the Department of Home Affairs until he was moved to replace Gordhan in 2017. Days after his appointment, South Africa got downgraded to junk status. His effectiveness as minister was questioned and shortly after Ramaphosa became president, Gigaba was moved back to Home Affairs.

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Source: Briefly.co.za

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