The qualifications of South Africa's finance ministers: 1994 to 2015

Arthur

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One should distinguish between being qualified and a Qualification.

A certificate issued by a recognised academic intuition might be a Qualification, but these days it says very little about the actual real-world ability of the holder.

My erstwhile boss had no formal qualification other than a high school diploma, but he was supremely qualified to start, build and manage a very successful business, making him the richest man on the planet.

Similarly, I have interviewed many a highly-qualified candidate for various positions in business. In one recruitment spurt, only one of about a dozen MBAs interviewed could correctly tell the difference between mark-up and margin, an elementary point. Possessing a piece of paper is not sufficient proof of ability, and neither is its lack proof of inability.

I'd look for many other things in a finance minister before I looked at qualifications.
 
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hjno72

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This is a distraction. We are being penalised for our participation in BRICS.
 

bekdik

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@Arthur

I suggest that there's a big difference between starting a Microsoft and growing with it, as opposed to being inexperienced, unqualified and being placed in the position of running a Microsoft?
 

Arthur

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@Arthur

I suggest that there's a big difference between starting a Microsoft and growing with it, as opposed to being inexperienced, unqualified and being placed in the position of running a Microsoft?
Agreed.

I'm simply saying paper qualifications aren't enough. Neither should their lack be a disqualification. One of the most able top managers at SAA, for example, has no paper qualifications. But he has a superb business brain, understands the airline business, and possesses exceptional management skills.
 
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bekdik

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Agreed.

I'm simply saying paper qualifications aren't enough. Neither should their lack be a disqualification. One of the most able top managers at SAA, for example, has no paper qualifications. But he has a superb business brain, understands the airline business, and possesses exceptional management skills.
Agreed, but he must have spent some time learning :).

AFAIC a piece of paper is a door opener to an interview, nothing more. It doesn't qualify you for a senior position.
 

mercury12

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This is a very misleading article. A quick search presents Van Rooyens qualifications as:

"The University of London conferred a MSc Finance (Economic Policy) to Mr Van Rooyen on 30 July 2014. He recently acquired a certificate in Investment analysis and Portfolio management from UNISA." He also has:
A Business Management Diploma
- A Diploma in Municipal Governance
- A certificate in Municipal Governance
- A certificate in Councillor Development
- A certificate in Municipal Finance
- A certificate in Economic & Public Finance and
- A Masters Degree in Public Development and Management.

Regardless of his competence as a minister, the purpose of the article was to state the qualifications and it failed to do so. Gordhans wiki page also states he has a pharmacy degree.

Edit: Nhlanhla Nene: Mr Nene holds a B.Com Honours degree in Economics from the University of Western Cape (UWC), a Diploma in Marketing Management; an Advanced Diploma in Economic Policy from the UWC; a Certificate in Economic Policy from University of South Africa and a Certificate in Macro and Micro Economics from the University of London.

Trevor Manuel: National Diploma in Civil and Structural Engineering, from the Peninsula Technikon
Executive Management Programme from Stanford National University, Singapore
 
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Arthur

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This is a very misleading article. A quick search presents Van Rooyens qualifications as:

"The University of London conferred a MSc Finance (Economic Policy) to Mr Van Rooyen on 30 July 2014. He recently acquired a certificate in Investment analysis and Portfolio management from UNISA." He also has:
A Business Management Diploma
- A Diploma in Municipal Governance
- A certificate in Municipal Governance
- A certificate in Councillor Development
- A certificate in Municipal Finance
- A certificate in Economic & Public Finance and
- A Masters Degree in Public Development and Management.

Regardless of his competence as a minister, the purpose of the article was to state the qualifications and it failed to do so. Gordhans wiki page also states he has a pharmacy degree.
That's actually pretty impressive. Hats off to him for the hard work it takes to swot and sit those exams. Hats back on again for being a professional politician in the Zumacrat camp.
 
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mercury12

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That's actually pretty impressive. Hats off to him for the hard work it takes to swot and sit those exams. Hats back on again for being a doffie professional politician.
No wonder no-one knew who he was, he was probably on study leave all the time.
 

Nerfherder

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That's actually pretty impressive. Hats off to him for the hard work it takes to swot and sit those exams. Hats back on again for being a professional politician in the Zumacrat camp.
The wording implies that his major qualification was given and not earned.

Anyway, as we all know the issue was not him, the issue was why Nene was removed.
 

amaedict

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Manuel, Ghordhan and Nene really f@cked up the economy... it was all downhill when they took over.
 

amaedict

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It's such a pity people didn't give Des a chance to fix it all.
what are you talking about descent chance ? 22 years the economy has been in a steady decline, how long of a chance do you need, 50 years ?

I hated apartheid, much of it was disgusting and inhumane, but when ANC took over everything just went to crap ... and the last few finance ministers were all crap... look at the stats they speak for themselves. At the end of the day the poor are worse off now than they were 22 years ago, when they go out and buy food, when they want to purchase something on ebay and pay in dollars... You only need half a brain to know what im talking about.

Stop hailing Manuel and Pravin as heroes when they clearly arent, the rand steadily declined when they were kings ...

Until SA shakes off this stupid mentality it suffers from ( listening and believing everything they read and hear and hailing the dumb as heroes and following blindly as sheep ) the country will go nowhere but further into turmoil. When i left SA i thought things could not get any worse, and look, barely a year later and its gotten SO MUCH worse ...

lets have a look at the news in just 1 day in SA :

http://www.fin24.com/Economy/4-reasons-consumers-will-face-debt-crisis-in-2016-20151221

http://www.fin24.com/Economy/south-africans-are-in-for-a-serious-blow-economist-20151213

http://www.fin24.com/Money/Debt/new-credit-fees-rates-laws-to-hit-consumers-in-2016-20151130

http://traveller24.news24.com/TravelPlanning/VisaInfo/average-of-10-families-a-day-denied-boarding-to-south-africa-from-heathrow-20151221

http://www.news24.com/SouthAfrica/News/bail-postponed-after-woman-is-beaten-to-death-20151221

http://www.news24.com/SouthAfrica/News/four-held-after-woman-stabbed-to-death-in-macassar-play-park-20151220

http://www.news24.com/SouthAfrica/News/bullet-grazes-womans-head-in-cape-town-armed-robbery-20151218

http://www.news24.com/SouthAfrica/News/woman-allegedly-stabbed-to-death-by-ex-boyfriend-20151214

http://www.news24.com/SouthAfrica/News/newborn-baby-miraculously-survives-after-being-dumped-in-pit-20151221

http://www.news24.com/SouthAfrica/News/Dead-baby-dumped-near-beach-20150821

http://www.news24.com/SouthAfrica/News/Baby-dumped-under-Katlehong-bridge-20150713

http://traveller24.news24.com/MyTravels/families-face-ruined-festive-season-holidays-after-lengthy-unabridged-birth-certificate-wait-20151130

http://www.wheels24.co.za/News/sa-holiday-road-deaths-already-more-than-500-aa-20151221

http://www.wheels24.co.za/News/Global-road-deaths-125m-killed-in-crashes-each-year-20151019

those are just some headlines today, just another typical Day in SA, all so happy and united in the rainbow nation... Merry Christmas and a Happy new year :)

its got nothing to do with being negative or positive, its got to do with reality and what is being actively done about the problems. From where i sit i dont see anyone seriously tackling any of these problems, not for years now... Best gift anyone can give their loved ones is plane tickets out of SA, this is the sad truth and you are blind if you do not see that.
 
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Vice

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Diploma is S A will get you a nice job
There's so many in SA who don't even have a diploma and yet have good paying senior positions, both in public and private sector.
 
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