South Africa's Finance Minister Pravin Gordhan delivers his 2014 budget address at Parliament in Cape Town in this February 26, 2014 file photo. President Jacob Zuma has appointed Gordhan finance minister, a statement said on December 13, 2015, handing South Africa its third finance chief in a week and giving way to a wave of criticism of his last choice and selling frenzy in the markets. REUTERS/Mike Hutchings/Files

CEOs give Gordhan appointment thumbs up, pledge support

Leading company CEOs give Pravin Gordhan's appointment as the new finance minister the thumbs up and pledge their support.

Published on:

14 Dec 2015, 1:35 pm

Media statement

We, the below signed CEOs, wish to record our strong support for the action taken last night by President Jacob Zuma to appoint Minister Pravin Gordhan to the post of Minister of Finance.

Given the extraordinary volatility experienced in the Rand, Bonds and Equity markets during Thursday and Friday of last week, it was vital that the South African Government send as strong a signal as possible to both citizens and investors. Minister Gordhan brings a wealth of experience and is well known to, and trusted by, the international investment community. We appreciate that the Presidency asked for and listened to the input of a wide range of South Africans, including ourselves. We commit to work in support of Minister Gordhan, National Treasury and the South African Reserve Bank.

Banks

Maria Ramos CEO Barclays Africa Group Limited

Johan Burger CEO FirstRand Limited

Colin Coleman CEO Goldman Sachs INTERNATIONAL

Stephen Koseff CEO INVESTEC Limited

Mike Brown CEO Nedbank Limited

Sim Tshabalala CEO Standard Bank Group Limited

Ben Kruger CEO Standard Bank Group Limited

Other

Mark Lamberti CEO Imperial Group Limited

Ian Kirk CEO Sanlam Limited

Jacob Zuma