South African Removes Finance Minister

2019 ias preliminary exam test series

Current Affairs: South Africa’s president has appointed the Pravin Gordhan as his third finance minister within a week.

He replaces the little-known David van Rooyen who had only been in the job since few days.

Last week, President Jacob Zuma sacked previous Finance Minister Nhlanhla Nene in a widely-criticised move that sent the rand to record lows and caused the stock market to tumble.

The developments come amid concern over South Africa’s struggling economy.

current affairs
South Africa (bottom) on Africa Map

Who is Pravin Gordhan?

  • Trained and worked as a pharmacist in Durban
  • One of the main negotiators in the drafting of South Africa’s democratic constitution from 1991-1994
  • Ran South Africa’s revenue service from 1999-2009
  • Served as finance minister from 2009-2014
  • Re-appointed finance minister in 2015

Current Affairs for IAS Exam