Personal
Date of Birth: 12 April 1949
Marital status: Married with 2 children
Positions
Member of Parliament from 1994 until 1998
Chairperson of the Constitutional Committee in Parliament from
1996
Deputy Commissioner for the South African Revenue Service from
March 1998
Commissioner for the South African Revenue Service from November
1999
Minister of Finance of the Republic of South Africa from 11 May
2009
Academic Qualifications
Bachelor of Pharmacy from the University
of Durban Westville (1973)
Career/Positions/Memberships/Other
Activities
Became involved in politics during the
late 1960’s
Organised and led the student movement and civic structures
during the 1970s and 1980s
Took part in the Natal Indian Congress call to boycott elections
in the 1980’s
Detained three times by the apartheid government
Spent four years in the underground structures
Was also involved in the South African Communist Party (SACP) and
African National Congress (ANC)
Worked as a pharmacist at the King Edward VII hospital in Durban
until he was expelled after his detention by the police. (1974 – 1981)
Participated in the in multi-party talks at the Convention for a
Democratic South Africa (CODESA). (1990)
Co-chairperson of the Transitional Executive Council which
prepared the country for the 1994 elections. (1991 – 1994)
Played a role in drafting the White Paper on Local Government
which laid the foundation for developing local government authorities
Chairperson of the Constitutional Committee in Parliament, which
had oversight over the implementation of the new constitution, adopted
in 1996
Chairperson of the World Customs Organization (WCO) until July
2006
Chairperson of the Forum on Tax Administration (FTA) within the
Organisation for Economic Cooperation and Development (OECD) from 2008
Awards/Presentations/Bursaries
Doctorate of Commerce honoris causa from
University of South Africa (May 2007)
Doctorate of Law honoris causa from the University of Cape Town
(June 2007)
DTech: Business Administration from the Free State Central
University of Technology (March 2009)
Information about the
Ministry
The Ministry of Finance is at the heart of South Africa ’s economic
and fiscal policy development. The Minister of Finance and Deputy
Minister of Finance are responsible for a range of state entities that
aim to advance economic growth and development, and to strengthen South
Africa ’s democracy.
The National Treasury is responsible for
coordinating macroeconomic policy and promoting the national fiscal
policy framework. Its role is defined by the Constitution of the
Republic of South Africa and in the Public Finance Management Act. The
National Treasury coordinates intergovernmental financial relations,
manages the budget preparation process and exercises control over the
implementation of the annual national budget, including any adjustments
budgets. The National Treasury also performs functions assigned to it in
other legislation.
The South African Revenue Service (SARS) is
mandated by the South African Revenue Service Act (1997) to collect all
tax revenues that are due, to provide a customs service, to protect
national borders and to facilitate trade. SARS also works to expand the
pool of tax contributors by promoting awareness of the obligation to
voluntarily comply with tax and customs laws. SARS aims to conduct its
activities in a way that enhances economic growth and social
development. SARS reports to Minister of Finance. (more...)
Statistics South Africa (Stats SA) is
mandated to produce timely, accurate and accessible official statistics.
To this end, Stats SA produces official demographic, economic, and
social censuses and surveys. Stats SA was established after Parliament
passed the Statistics Act (1999). It falls under the Minister of
Finance. (more...)
The Public Investment Corporation (PIC) is a
government-owned investment management company – and one of the largest
investment managers in the country. Founded in 1911, it became a
corporate entity in terms of the Public Investment Corporation Act
(2004). The PIC invests funds on behalf of public-sector entities. Its
largest client is the Government Employees Pension Fund. (more...)
The Government Employees Pension Fund (GEPF)
was established in terms of the Government Employees Pension Law (YEAR)
to manage and administer pension matters/schemes related to government
employees. The GEPF is self-funded. With a membership of about 1,2
million and 225 000 pensioners, it is one of South Africa ’s largest
pension funds.(more...)
The Financial Intelligence Centre (FIC) was
established by the Financial Intelligence Centre Act (2001). The FIC
aims to identify the proceeds of unlawful activities and to combat
money-laundering. The centre makes information that it collects
available to various police, prosecution, revenue and state
investigating authorities. The FIC monitors compliance with the act and
gives guidance to accountable institutions, supervisory bodies and
others. The Minister of Finance is responsible for the FIC. (more...)
The Financial Services Board (FSB)
supervises the exercise of control over the financial services industry
in terms of several acts of Parliament that entrust regulatory functions
to registrars of long-term insurance, short-term insurance, pension
funds, collective investments schemes, financial services providers,
exchanges and financial markets. The FSB provides information to users
of financial products and services.(more...)
Profile of the Deputy Minister of Finance
Nhlanhla Musa Nene
Personal
Date of Birth: 05 December 1958
Married and has three dependants
Positions
Member of Parliament since June 1999.
Co-Chairperson of the Joint Budget Committee from October 2002
until August 2005
Chairperson of the Portfolio Committee on Finance from August
2005 until 4 November 2008.
Deputy Minister of Finance of the Republic of South Africa from 5
November 2008.
Member of the Local Organising Committee (LOC) for the FIFA 2010
Soccer World Cup.
Chairperson of the Public Investment Corporation.
Academic Qualifications
Matriculated from Gcothoyi Adult Centre.
Diploma in Marketing Management from DMS.
Advanced Diploma in Economic Policy from the University of the
Western Cape.
Certificate in Economics from the University of South Africa.
B.Com Honours in Economics from the University of Western Cape.
Certificate in Macro and Micro Economics from the University of
London.
Career/Positions/Memberships/Other
Activities
Active in student politics since 1979
Organised the first ever strike in the financial industry under
the banner of SACCAWU in 1990 while still at Metropolitan Life Insurance
Company.
Shop steward from 1990 until 1995 and led a negotiation team for
“Better Working Conditions”.
Chairperson of Ntunjambili Development Forum from 1994 until
1999.
ANC Local Government Councillor and Caucus Chairperson from 1996
until 1999.
Chairperson of Kranskop Policing Forum from 1997 until 1999.
ANC Regional Secretary of Ukhahlamba Region from 1997 until 2000.
Regional Administrative Manager for the Metropolitan Life
Insurance Company, for 15 years.
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Director (Payment Approval) Treasury Department – Ministry Of Finance Pretoria Head Quarters, Republic of South Africa
The Treasury Department of the Ministry of Finance here in the Republic of South Africa investigated your fund which has been on transfer process for some time now.
During the second quarter of the general Financial Auditing in the Reserve Bank, and the office of the auditing and funds recovery unit, (IMF) has recovered your fund at the tune of US$3, 500 000 000.00, (Three Million Five Hundred Thousand United States Dollars), which was to be paid to you through bank to bank transfer to your bank account. It has been understood by our investigation team that this funds was acquired by you as a result of the initial inheritance of funds, which your partner was supposed to remit to your bank account from South Africa in the past but you have not received the money due to the fact that the South African Revenue Service Department demanded for their Inland Revenue Tax. But now the South African Government has removed this Inland Revenue Tax from your fund, and you do not have to make such payment during your payment any longer.
After auditing, the SARB decided that the entire recovered and returned funds should be paid to their various owners within 8 working days. This decision was taking by the Board of the auditors in the Department of Finance (Office of the Treasury), and at present the fund is in escrow account of the Bank of England waiting for remittance to your bank account. The Ministry of Finance has signed the released of your funds, and it has also decided that your funds should be transferred to without any further delay.
For your full identification and completion of your payment, you are hereby advised to send our agent (Mr. Joseph Omar, the Correspondence & Enquiry Unit Corporation South Africa), your full information as stated below:
Note that the Department of Finance has ordered and assigned our accredited agent (Mr. Joseph Omar, the Correspondence & Enquiry Unit Corporation South Africa) to carry out this payment to you, therefore you should urgently contact them on the following details;
The Correspondence & Enquiry Unit National Treasury 3 Horse Guards Road South Africa
Name: Mr. Joseph Omar Tell: Tel: +27 731690631 Alternative E-mail: Joseph.omar@consultant.com PAYOUT AMOUNT: US$3, 500 000 000.00, IN WORDS: (Three Million Five Hundred Thousand United States Dollars)
Please contact the above person and request them to give you more information on how you will receive your fund. As soon as our agent (Mr. Joseph Omar, the Correspondence & Enquiry Unit Corporation South Africa) confirm to us that you have contacted them, the Department of Finance will authorize your payment with immediate effect.
Waiting for your further proceedings,
Regards,
Department of Treasury Ministry of Finance Republic of South Africa
Nhlanhla Musa Nene
