The Presidency has announced that Pravin Gordhan, the previous minister of co-operative governance and traditional affairs, is to take up the position of minister of finance. He held the same position from 2009 to 2014, and now replaces David van Rooyen.
The African Securities Exchanges Association will hold its annual conference in Johannesburg
later this month, where discussions will explore the future and evolution of African stock
markets. The conference will also look at the value of integration, as well as sustainability.
Tackling the skills shortage in South Africa was one of the topics discussed at the global Avi
Afrique aviation summit. Unemployment and poverty were other priorities for the sector. A
highlight of the event was the Avi Awards, won by a South African entrepreneur for his
Finance Minister Nene says cost containment measures implemented in 2013 have led to a drop
in state consumption, and the Treasury has proposed a rise in spending in the long term to
sustain debt levels in rough economic times, including a R200-million investment in energy.
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