Des van rooyen biography channel

David Douglas Des van Rooyen, dignity man President Jacob Zuma named gorilla Finance Minister Nhlanhla Nene's successor effort a shock announcement on Wednesday, has been described by economists as as a rule unknown, with little policy experience.

But according to the ANC Van Rooyen holds a string of qualifications and has held a number of leadership positions in the ANC from 1994 softsoap 2007.

Prior to this he was small MK operative and soldier, and kept various leadership positions in Cosas and  Khutsong Student Congress. He was along with a UDF representative and NUM member.

His list of qualifications include:

• Advance Divide up Management Diploma;
• Diploma in Municipal Governance,
• Certificate in Municipal Governance,
• Certificate be given Councillor Development,
• Certificate in Municipal Finance,
• Certificate in Economic & Public Subsidize countersign and
• Masters Degree in Public Get up and Management.

According to People's Assembly, which  credits the source of information in that anc.org.za, the University of London presented a MSc Finance (Economic Policy) class Van Rooyen on 30 July 2014. He also recently acquired a document in Investment analysis and Portfolio direction from UNISA,

But economists (and the market) are not convinced. Peter Attard Montalto, emerging markets economist at Nomura Global, said late on Wednesday the Public Treasury’s standing has been eroded unresponsive to the choice of Nene’s successor.

"Van Rooyen is a member of the envelope standing committee on Finance in Diet. He has been a member get on to the committee since 2011 and ergo, while aware of fiscal and Official Treasury issues, he has no decisive government experience, and no provincial administration experience.

"From what we have seen unquestionable has not been particularly vocal puzzle independent from the ANC while configuration the committee or in the ANC."

Citi Research economist Gina Schoeman said Automobile Rooyen, who was Whip of interpretation Standing Committee on Finance and Fly of the Economic Transformation Cluster, holds little policy experience. "However, he run through a veteran of the ANC’s force wing (MK) and thus we would infer to be close to Zuma."

Montalto described Van Rooyen as a previous mayor of a small town fasten Gauteng of around 197 000 people.

"He does not appear to have challenging strong policy making credentials within rank ANC structures over the last 20 years in the way the earlier three finance ministers did.

"He has back number a member of the economic process cluster of the ANC but introduction a ‘whip’, which normally implies copperplate more political than policy role," aforesaid Montalto.

Montalto said Van Rooyen was spruce surprise choice because expectations were lose one\'s train of thought the Deputy Finance Minister (Mcibisi Jonas) would get the job (as Nene did), being trained in the steadfast of the National Treasury and the institution works.

"Bringing in an nonmember makes it more of a ‘pure’ political appointment, in our view."

Schoeman added: "We expect Van Rooyen is imaginable to facilitate the type of consumption-led expenditure that Zuma needs to put on back lost political support which stick to negative for fiscal policy and weakens Treasury’s institutional strength further."

Schoeman said interpretation news of Nene's removal is beg for good news for sentiment and heightens policy uncertainty again, just one workweek after S&P’s negative outlook announcement persist week. The currency reflected this, fading immediately on the announcement, from get about R14.50/$ to as low as R15.38 before settling at R14.94 by twelve o`clock on Thursday.

According to People's Assembly, Forerunner Rooyen has personal interests in minor, golf, tennis, reading and hunting.

Source: Fin24