Manuel named head of planning

 

 Trevor Manuel was appointed to head a powerful new planning body on Sunday, keeping the former finance minister at the heart of policy making in a decision likely to please investors.

President Jacob Zuma announced that Manuel's replacement at the finance ministry would be Pravin Gordhan, who has headed the tax authority and whose appointment is also a sign of policy continuity.

Zuma said he expected a positive market reaction to the naming of Gordhan as finance minister.

"There's not going to be any mishap but as I say, who can predict the markets," Zuma said.

Zuma named his predecessor, Kgalema Motlanthe, as his deputy.

Manuel named head of planning - Mail & Guardian Online: The smart news source

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