President Jacob Zuma woke the whole country up with his midnight unpopular cabinet reshuffle that includes a new finance minister.
The former home affairs minister steps into the role of finance minister.
This article takes a look at the top 14 things you might not know about South Africa’s new Finance Minister Malusi Gigaba.
14. His father is a reverend.
Gigaba is the second born to Reverend Jabulani Gigaba and Nomthandazo Gigaba.
13. He has a degree in pedagogics.
Gigaba did not study anything related to economics or finance. He completed a bachelor of pedagogics (education) at Durban-Westville before going on to earn a master’s degree in social policy from the same institution.
11. He is ambitious.
Gigaba has been touted for election to be one of the top six national office bearers of South Africa’s ruling African National Congress (ANC), at its 53rd National Conference in December 2012. Some of the ANC branches have raised his name for the position of the Deputy President, National Chairperson and Deputy Secretary General.
10. Experienced minister in the ANC government.
Before he became Finance Minister, Gigaba was the minister of home affairs since 2014, enjoying a fair amount of success in the ministry with the roll out of new smart ID cards. Before that he was minister of public enterprises from 2010 to 2014, so he is an experienced MP.
9. A Zuma loyalist.
Gigaba is considered a loyal Zuma supporter, and has often defended the president when he has come under fire.
8. Fashion enthusiast.
Gigaba is known as a fashion enthusiast with a passion for stylish clothes and a flamboyant wardrobe. In fact, rumor has it that he was at a fashion show when he received word that he was to become the new finance minister.
7. He is popular on Instagram.
Giving followers a taste of his extravagant lifestyle and busy schedule, the 45-year-old minister of finance uses image-based social media platform Instagram to connect with over 136,000 followers on the site through his official account, @malusi_gigaba.
6. Fourth finance minister in 16 months.
In December 2015 Zuma replaced then-Finance Minister Nhlanhla Nene with Des Van Rooyen. Zuma backtracked a few days later, reinstating Gordhan, who had served in the position years earlier, after markets reacted terribly and the rand nosedived. Gigaba is now the fourth minister in less than 16 months.
5. He is married to Nomachule Mngoma.
In 2015 Gigaba married IT executive Nomachule Mngoma in an extravagant wedding ceremony that was featured on South African lifestyle magazine show “Top Billing.”
4. Hospice patron.
Gigaba is a caring individual with an emotional attachment to a particular hospice in South Africa. He is a patron of the OASIS for Hope Hospice, supporting the care center in its efforts to give the dying dignity and comfort in their final moments.
3. He is active on Twitter.
The finance minister is active on social media platform Twitter, where his unverified account @mgigaba is followed by almost 31,000 followers. He has posted over 5,500 tweets of his own.
2. Gigaba grateful for Gordhan’s efforts as FinMin.
Despite the tensions and high emotions in the country when Pravin Gordhan was replaced in the finance ministry, Gigaba thanked the outgoing treasury head for his sterling efforts during his tenure as minister.
1.He was president of the ANC Youth League.
His political career began with membership activities in the ANC Youth League, among other youth organisations. Gigaba was elected president of the African National Congress Youth League three times in a row, in 1996, 1998 and 2001, laying the foundation for the politics that lay ahead.