Finance Minister Pravin Gordhan. Photo: Leon Nicholas.

Johannesburg - The re-appointed Minister of Finance Pravin Gordhan would not be sworn into his post as he is already a minister, the presidency said on Monday.

“Both Ministers, Gordhan and Van Rooyen are already ministers, and therefore they would not be sworn in again. There would be no swearing in ceremonies,'' spokesman Hlomani Baloyi told ANA.

Zuma on Sunday night reversed his decision to appoint David van Rooyen as Minister of Finance and appointed former finance minister Pravin Gordhan back at the helm of national treasury.

Zuma said in a statement that after he had appointed Van Rooyen, he had “received many representations to reconsider my decision”.

Van Rooyen had been appointed last Wednesday evening, after minister Nhlanhla Nene was inexplicably removed from his position. The removal of Nene sent shock waves across the country and saw the rand plunging to new lows as jitters in the financial sector sank in.

Gordhan, who until Sunday was minister of Cooperative Governance and Traditional Affairs, was finance minister bewteen 2009 and 2014.

He was replaced as finance minister by Nene. Van Rooyen, who was previously the mayor of Merafong municipality in Gauteng, was the whip of Parliament's standing committee on finance, and also served as whip of the economic transformation cluster.