SA won’t nominate candidate for AFDB

Cape Town 101028. Deputy Finance Minister, Nhlanhla Nene is his 120 Plein Street office. PHOTO SAM CLARK, CA, Gaye Davis

Cape Town 101028. Deputy Finance Minister, Nhlanhla Nene is his 120 Plein Street office. PHOTO SAM CLARK, CA, Gaye Davis

Published Jun 4, 2014

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Johannesburg - South Africa has taken a decision not to nominate a candidate for president of the African Development Bank, the finance ministry said on Wednesday.

“In May 2015, members of the AFDB will elect a new president. This is a critical time to select an individual who can build on the gains made through Africa’s rise over the past decade,” it said in a statement.

“South Africa has taken a decision not to nominate a candidate for this position.”

The ministry said the process of selecting a candidate within the Southern African Development Community (SADC) was currently underway, and South Africa would act in accordance with the collective decision of the region. - Sapa

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