South African finance ministers’ qualifications: 1994 to 2015

On 9 December President Jacob Zuma stunned South Africans when he removed Finance Minister Nhlanhla Nene and replaced him with the inexperienced David van Rooyen.

The decision saw the rand plummet, and local markets lost an enormous amount of money in the two days which followed.

On 13 December, Zuma sprung another surprise on the country when he replaced Van Rooyen with former Finance Minister Pravin Gordhan.

This news was well received by the market, and the rand immediately strengthened against major global currencies.

While this was a positive move, many people feel that the damage was done, and that Zuma should be recalled.

One of the biggest concerns was that Zuma selected the inexperienced Van Rooyen as the minister of arguably the most important department in the country.

The infographic below shows the qualifications and relevant experience of South Africa’s finance ministers since 1994.

South African Finance Ministers

Update: An earlier version of this article listed Gordhan’s highest qualification as a DTech, but this was an honorary degree. It also listed a Business Management Diploma as Van Rooyen’s highest qualification. Both these errors have been corrected.

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South African finance ministers’ qualifications: 1994 to 2015