12 Things You Didn’t Know About South Africa’s New Finance Minister Malusi Gigaba

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Written by Peter Pedroncelli

South African President Jacob Zuma threw the country into turmoil with an unpopular cabinet reshuffle that includes a new finance minister. Zuma has entrusted Malusi Gigaba with the country’s Treasury.

Popular former Finance Minister Pravin Gordhan was axed from the role, and Gigaba is expected to fill the void left by the hard-working MP whom Zuma saw as a threat.

The former home affairs minister steps into the role of finance minister at a time when the fragility of the South African economy remains a concern, evidenced by the Standard & Poor’s and Fitch downgrades that followed the cabinet reshuffle.

We take a look at 12 things you might not know about South Africa’s new Finance Minister Malusi Gigaba.

Sources: BusinessLive, EWN, TimesLive, MyBroadband, ENCA.