South Africa

South Africa has a new Finance Minister.

BBC says that South African President Jacob Zuma has named Pravin Gordhan as his new finance minister. The article says that Mr Zuma has pledged to address the economic crisis, widespread poverty, and rising crime in South Africa. Other new posts include: Deputy President: Kgalema Motlanthe
National Planning Commission: Trevor Manuel
Monitoring and Evaluation: Collins Chabane
Finance: Pravin Gordhan
Justice: Jeff Radebe
Defence: Lindiwe Sisulu
Health: Aaron Motsoaledi
International relations: Maite Nkoana-Mashabane
Minister of Human Settlements: Tokyo Sexwale
"Jobs are being lost in every economy across the world," he said. "We will not be spared the negative impact, and are beginning to feel the pinch," says Gordhan. They praised Mr Manuel's handling of the economy during his 13 years as finance minister, saying he had largely kept state expenditure within limits the country can afford states the article. This is good news for the country because of the rivalries and fighting between the different economic and social classes in South Africa.