Born in the city of Durban in KwaZulu-Natal in 1949, South African Finance Minister Pravin Gordhan heads arguably one of the most important portfolios in South Africa. The Department of Finance is responsible for ensuring that the country’s financial assets are utilised responsibly. It is essentially tasked with managing South Africa’s national government finances.
The department strives to raise fiscal resources equitably and efficiently and to manage government’s financial assets and liabilities soundly by promoting transparency and effective financial management.
The ministry of finance is the political head of specialised public sector organisations in the areas of finance, economics and accounting.
Leading a life in the public eye as a Member of Parliament or minister in South Africa often means that one has to remain fully accountable for their business interests and finances. In South Africa, a serving Member of Parliament or Minister can own shares in listed companies. They do, however, have to declare these interests fully.
This has led to some people asking the question ‘what does Pravin Gordhan invest in?’
A ministerial aide said Gordhan had retirement savings, like any other responsible citizen. The Minister has declared his assets and donations to Parliament’s committee on interests and ethics. He declared shares, gifts, property and retirement funds.
So what does Pravin Gordhan invest in?
According to information that the minister has declared, his investment portfolio includes some of the biggest JSE-listed companies. He holds shares in more than 35 listed companies in 2016.
Gordhan’s portfolio includes shares in various sectors, such as banking, mining, real estate, retailers and telecommunications. Companies such as BHP Biliton, SAB Miller, PicknPay, Bidvest, Remgro, Imperial, Naspers and Rand Merchant Bank feature on the Gordhan’s list of investments.
The Minister graduated from the University of Durban-Westville in 1973 with a Bachelor of Pharmacy Degree (BSc). In 2009, President Zuma announced him as successor to Trevor Manuel.