Gordhan named 2013 sub-Saharan Finance Minister of the year
Finance Minister Pravin Gordhan has been named the 2013 sub-Saharan Finance Minister of the year by news and analysis website Emerging Markets.
Emerging Markets stated that the prudent fiscal policy led by Gordhan, who became South Africa’s Finance Minister in 2009, at the height of the global economic crisis, had been praised by analysts, especially since South Africa was more exposed than other emerging markets to dangers stemming from an eventual pullback of quantitative easing by the Federal Reserve.
In his acceptance speech in Washington, where he had been attending the annual meetings of the World Bank and the International Monetary Fund, Gordhan thanked Emerging Markets for the recognition that South Africa, and its economic team, that had kept the South African economy on track during a difficult time.
"Together with our Nigerian and other colleagues, we hope to make Africa a much greater economy," he said.
Meanwhile, the Minister was critical of the sudden change in the narrative about emerging markets, which, up until the second quarter of this year, were praised for managing their economies well, contributing more than 50% to global economic growth and for lifting large numbers of people above the poverty line.
"Three months later, we are apparently fragile and we are terrible managers of our economies. We, the emerging markets, are here to stay. We live in an interconnected world and, more importantly, we live in an interdependent world. There is no decoupling from you, the advanced economies, and there is no decoupling from us, the emerging markets," Gordhan said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.
VISIT SHOWROOM
ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
