South Africa's Jacob Zuma appoints third finance minister in week

Monday, December 14, 2015

South African President Jacob Zuma has replaced newly appointed Finance Minister David van Rooyen with the more experienced Pravin Gordhan in a surprise Sunday night announcement.

On Wednesday, the president sacked Nhlanhla Nene in a move that sent the rand to record lows and sparked a sell-off in bank shares.

His replacement for less than a week, Mr van Rooyen, is a little-known MP.

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South Africa's Jacob Zuma appoints third finance minister in week

South African President Jacob Zuma has replaced newly appointed Finance Minister David van Rooyen with the more experienced Pravin Gordhan in a surprise Sunday night announcement.