Malusi Gigaba will be replacing Pravin Gordhan as Finance Minister. File picture: GCIS
Malusi Gigaba will be replacing Pravin Gordhan as Finance Minister. File picture: GCIS

Who is our new Finance Minister?

By Nicola Mawson Time of article published Mar 31, 2017

Share this article:

Johannesburg –

South Africa’s new Finance Minister Malusi Gigaba hails from the lush Dlinza

Forest in the rolling hills of Zululand, where he was born in August 1971.

Gigaba, who

became the Finance Minister after a Midnight Cabinet reshuffle that saw his predecessor

Gordhan Pravin ousted and the rand drop to its lowest level since 2015, was

appointed Minister of Home Affairs in May 2014, according to that department’s

website.

Prior to being

appointed as Minister of Home Affairs, he served as the Minister of Public

Enterprises from November 2010.

The site also

notes he is also a member of the National Executive Committee (NEC) of the

African National Congress (ANC); Patron of the OASIS for Hope Hospice, patron

of the Tholulwazi Organisation of Youth and was appointed as ministerial

representative to the Council of the University of Potchefstroom by former

Minister of Education, Prof Kader Asmal in 2001.

Gigaba graduated from the University of Durban-Westville with a Bachelor of

Pedagogics (Education) in 1991. He further completed a Master of Arts degree in

Social Policy, majoring in Urban Affairs and Policy, in 1993, graduating in

1994, Home Affairs notes.

Home Affairs also

notes, in 1997, the UDW Faculty of Education conferred on Gigaba a Certificate

of Merit for Outstanding achievements and contribution to faculty and society.

In June 2002, the Cuban National University Students Federation awarded him the

highest medal awarded to students and youth leaders in Cuba, the Jose' Antonio

Echeverrias Medal, at the University of Havana's Aula Matta, it says.

Read also:  Baptism of fire awaits Gigaba

Gigaba has been

active in various students and youth organisations and served in different

positions in the ANC Youth League. Between 1999 and 2001, he was a Member of

Parliament for the ANC and resigned in 2001. He was re-elected to Parliament in

2004.

Wikipedia notes Gigaba

is the second born to Reverend Jabulani Gigaba and nurse Nomthandazo Gigaba.

He has three sisters and a brother. Gigaba did his

primary school education at Mathonsi Primary School in Mandeni around 1983. He

then proceeded to do his high school education at Vryheid State High School in

1988.

Bloomberg reports that, in 2007, he was found to have

billed R1 020 rand to his government credit card to buy flowers for his wife.

He described the spending as an “administrative” error and repaid the money.

BUSINESS REPORT

ONLINE

 

Share this article: