Trevor Manuel not going for top IMF post

Minister in the Presidency and head of the National Planning Commission, Trevor Manuel, says he is not in the running for the MD position at the International Monetary Fund.

  • No economic qualifications
  • Oversaw popular decreases in taxes and increase in social handouts but did nothing for infrastructure, competitiveness or efficiency of our country
  • Oversaw the R48bn arms deal (how many schools is that again?)
  • Had the benefit of a commodity boom, low inflation (through imported deflation due to currency movements) and didn’t do anything about unemployment

No surprise really, right?

 

 

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.