Who Is The Minister Of Finance In South Africa
The political leader of the National Treasury is the Minister of Finance, a member of South Africa’s Cabinet. The budget, economic policymaking, and financial administration of government activities are all the minister of finance’s responsibilities (in cooperation with the Minister of Economic Development and the Minister of Trade and Industry). The Minister of Finance is also in charge of the South African Revenue. MINISTER OF FINANCE OF THE REPUBLIC OF SOUTH AFRICA (term in office: 05 August 2021 to date)
Minister Of Finance
The Republic of South Africa’s Enoch Godongwana was appointed Minister of Finance on August 5, 2021. He is an active member of the Financial Economics Society and has an MSc in Financial Economics from the University of London.
Background
Godongwana has a long history in the labor movement, having held a number of executive posts in the National Union of Metal Workers of South Africa, one of the country’s largest industrial unions, including serving as the organization’s general secretary from 1993 to 1997. He was also the chairman of COSATU’s Economic Development Task Force and sat on the Central and Executive Committees of the Congress of South African Trade Unions (COSATU) from 1992 to 1997. He helped develop the Labour Relations Act, among other progressive labor laws, and is one of the founding members of the National Economic Development and Labour Council (NEDLAC).
Who will serve as the finance minister in South Africa in 2022?
Enoch Godongwana,
A delegation from South Africa was led by Mr. Enoch Godongwana, the country’s minister of finance, to the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), which were held from April 18 to April 23, 2022.
