Pravin Gordhan announced as new Minister of Finance


Co-operative Governance Minister Pravin Gordhan says municipalities around the country owed Eskom R10.8 billion at the end of June.

JOHANNESBURG - President Jacob Zuma, on Sunday, announced that he was reappointing Pravin Gordhan as Minister of Finance.

Gordhan previously held the post from 2009 to 2014.

The post he is vacating as Minister of Cooperative Governance and Traditional Affairs, will now be taken over by David van Rooyen.

Van Rooyen was sworn in as Minister of Finance three days ago, making him the shortest serving minister in South African history.

Zuma was hugely criticised for abruptly firing the former Minister of Finance, Nhlanhla Nene.

In a statement, Zuma said, "I have received many representations to reconsider my decision.

"As a democratic government, we emphasise the importance of listening to the people and to respond to their views. In this regard, I have, after serious consideration and reflection, taken the ... decision."


Zuma said he wishes both ministers the best in their new deployments.

See below for the president&39;s full statement.

The announcement received mixed reactions on social media.





















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