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Zuma’s late-night cabinet reshuffle: Malusi Gigaba is South Africa’s new finance minister
12:01 CAT | 31 Mar 2017
File photo / Former Home Affairs minister Malusi Gigaba to relace Pravin Gordhan
Malusi Gigaba will replace Pravin Gordhan as finance minister following a late-night cabinet reshuffle by President Jacob Zuma.
A major cabinet reshuffle is unfolding and at least nine ministers and six deputies are said to have been axed.
Sources confirmed that Gordhan has officially been removed from his position as Zuma met with ministers individually this evening.
The meetings follow an earlier meeting with the ANC’s top leaders.
Zuma on Monday recalled Gordhan from roadshows in London and the US aimed at investors and ratings agencies, triggering renewed speculation of a cabinet reshuffle.
The president also cancelled deputy finance Minister Mcebisi Jonas’ trip to the same events. It is believed Jonas will also be removed.
Malusi Gigaba
Knowledge Malusi Nkanyezi Gigaba MP (born 30 August 1971 in Eshowe, KwaZulu-Natal) is the Minister of Home Affairs since 25 May 2014, previously serving as Minister of Public Enterprises in the government of South Africa. First elected to the National Assembly of South Africa in 1999 as part of the African National Congress, he resigned in 2001 but was re-elected in 2004. Appointed as Minister of Finance on 30th of March 2017.
He earned a bachelor’s degree in education from the University of Durban-Westville (now part of the University of KwaZulu-Natal) in 1991, and a master’s degree in social policy in 1994.
Source: Business Live
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