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New finance minister for S Africa | New finance minister for S Africa |
(20 minutes later) | |
New South African President Jacob Zuma has named Pravin Gordhan as his new finance minister. | New South African President Jacob Zuma has named Pravin Gordhan as his new finance minister. |
He will take over from Trevor Manuel, who has been appointed head of a new economic planning body. | He will take over from Trevor Manuel, who has been appointed head of a new economic planning body. |
Mr Zuma has pledged to tackle the tough economic crisis, widespread poverty and rising crime, but insisted he will not hand out favours to his supporters. | Mr Zuma has pledged to tackle the tough economic crisis, widespread poverty and rising crime, but insisted he will not hand out favours to his supporters. |
The choice of health minister is also keenly awaited, as the country tackles an acute HIV/Aids problem. | The choice of health minister is also keenly awaited, as the country tackles an acute HIV/Aids problem. |
Mr Gordhan previously worked in the tax department and has been praised for steadily raising income. | Mr Gordhan previously worked in the tax department and has been praised for steadily raising income. |
As head of the new National Planning Commission, Mr Manuel will now be responsible for strategic planning and co-ordination among government departments. | As head of the new National Planning Commission, Mr Manuel will now be responsible for strategic planning and co-ordination among government departments. |
Mr Zuma was elected president by parliament after the African National Congress won the general election last month, albeit with a slightly reduced majority. | Mr Zuma was elected president by parliament after the African National Congress won the general election last month, albeit with a slightly reduced majority. |
His appointments were being watched for signs that he would reward left wing groups which supported his election campaign - including the South African Communist Party. | |
Communist party leader Blade Nzimande was named minister of higher education and training, but analysts say it is not a post likely to give him much influence over economic policy. | |
'Feel the pinch' | 'Feel the pinch' |
At his inauguration on Saturday, Mr Zuma warned of hard economic times ahead. | At his inauguration on Saturday, Mr Zuma warned of hard economic times ahead. |
"Jobs are being lost in every economy across the world," he said. "We will not be spared the negative impact, and are beginning to feel the pinch." | "Jobs are being lost in every economy across the world," he said. "We will not be spared the negative impact, and are beginning to feel the pinch." |
Mr Zuma is under pressure from his grass-roots supporters to increasing state spending on job creation, delivering services such as water, housing and electricity and improving the education system. | Mr Zuma is under pressure from his grass-roots supporters to increasing state spending on job creation, delivering services such as water, housing and electricity and improving the education system. |
But investors would be alarmed if spending was increased too much. | But investors would be alarmed if spending was increased too much. |
They praised Mr Manuel's handling of the economy during his 13 years as finance minister, saying he had largely kept state expenditure within limits the country can afford. | They praised Mr Manuel's handling of the economy during his 13 years as finance minister, saying he had largely kept state expenditure within limits the country can afford. |
In other appointments, Barbara Hogan has been moved from health to public enterprises. | |
The health portfolio was given to provincial education minister from eastern South Africa, Aaron Motsoaledi. | |
Health experts had wanted Mr Zuma to retain Ms Hogan in the post. She took over from Manto Tshabalala-Msimang - a highly controversial minister criticised for her handling of South Africa's HIV/Aids epidemic - in October 2008. | |
Former President Kgalema Motlanthe has been named deputy president. |