Gordhan backs Shaik's DBSA appointment

2012-08-09 17:02

Johannesburg - Finance Minister Pravin Gordhan on Thursday defend the Development Bank of SA's (DBSA) decision to appoint Mo Shaik as head of its international subsidiary.

"I believe the DBSA has followed proper processes in making this appointment, which I support," he said in a statement released by his office.

Gordhan was responding to the Democratic Alliance's announcement that it would ask him to explain the process followed by the bank in appointing Shaik.

The post was advertised within the DBSA and an executive headhunting agency was appointed. Nine candidates were identified, and four of these were shortlisted.

They completed psychometric assessments and were interviewed by a subcommittee of the DBSA's board of directors.

Best person

"In fairness to the four shortlisted candidates, I am not going to disclose their names," Gordhan said.

They had participated in the process on the understanding that their candidature would be treated in the strictest of confidence, he said.

Following the interviews, two candidates were eliminated and Shaik was identified as the best person for the job.

"In its recommendation, the board found Mr Shaik to have strong networks and relationships within the SA development community," he said.

These were seen as key to the success of the DBSA's subsidiary, the Development Bank International.

"Mr Shaik also displayed strong analytical skills and a deep understanding of national priorities, all of which can be partly attributed to the various positions that he has occupied in government since 1994," said Gordhan.

"Mr Shaik's lack of experience in running a commercial enterprise is made up for by his recent training at the Harvard Business School."

Appropriate skills

The Development Bank International had a vital role to play in enhancing the development of infrastructure projects in southern Africa, which would in turn promote regional integration, he said.

The DBSA announced Shaik's appointment on Wednesday.

Shaik had the appropriate skills and background for the position, which would involve working with development finance institutions of Brazil, Russia, India, and China, DBSA chair Jabu Moleketi said in a statement on Tuesday.

"Shaik's experience in the field of international relations and diplomatic intelligence will be an added boost for this new subsidiary," he said.

"We have no doubt that his prudent expertise will facilitate South Africa's investments in the rest of Africa."

Shaik holds degrees in computer science and a master's degree in optometry. He has also completed an advanced management programme at the Harvard Business School in the US.

He served as chief executive of CorpAfrica, South African consul general in Germany, and as South African ambassador to Algeria.

He was a special adviser to former foreign affairs minister Nkosazana Dlamini-Zuma, head of policy research for the same department, and head of secret services at the state security ministry.

  • jerry.medina.756 - 2012-08-09 17:10

    This DA is starting to get in my nerves.

      christelle.james.7 - 2012-08-09 17:23

      Jerry, do you blame them - Mo Shaik of all people? I am sure he is extremely well connected Pravin, so was his brother, and all the Sha(i)k (d)y characters appointed by the government!!

      Phumlani Madlala - 2012-08-09 17:40

      DA get over it,if he gets preferance who cares,we never questioned the whites on anything when they were in power,they were taken care of by the regime,those who are struggling now are those who blew their fortunes by betting and@the casinos

      tw2066 - 2012-08-09 17:59

      jerry, the ANC get on y most peoples nerves, and there nothing we can do about that either. Pity you like that other 60% that wont vote DA but protest abouth ANC?? Pravin has become an idiot, maybe you can identify with this?

      christelle.james.7 - 2012-08-09 18:05

      Phumlani, of course it is about who gets preference! And PLEASE forget about the past. We cannot change it but we can ensure the mess ups of the past does not happen again. What really gets to us are these unqualified people being put in very senior positions, and before long we find out that there are tender issues, travelling issues, partying issues, money disappearing issues. And yes, we want the DA, or anybody for that matter to shout out loud about it, because if they don't we will never know about it!!

      irene.buthelezi.1 - 2012-08-09 18:32

      @! Jerry ~ Pity about you. Maybe they get on your nerves because they continually show cANCer up for the incompetent filth that it is.

      devon.riley.52 - 2012-08-09 19:26

      And condom head is getting on mine

      ama.ntuli.33 - 2012-08-09 19:55

      hey, who would you vote as the Face of the ANC? It can't be Zuma!! - go vote and we'll see

      maria.roth.589 - 2012-08-09 23:13

      Increases my respect for the DA that they are starting to get on your nerves Jerry. As for Phumlani we wish the ANC the same fate as the NP. Stop being so racist and start looking around you at the consequences of 16 years of maladministration and before you trot out that old saw that Africans have a different world view and don't require efficiency just remember we are being charged for it and somebody is stealing the money and that includes your money nincompoop.

  • squeegee.pilot - 2012-08-09 17:11

    Sorry, Pravin, I don't believe you...

      kala.bafazi - 2012-08-10 09:10

      squeegee - How else are they going to get hold of all that cash held by the development bank. What's the bet Schabir obtains millions in "developmental aid". And how can they keep the short list confidential? Its a public appointment!

  • Pieter Strydom - 2012-08-09 17:14

    whahahahaha belaglik !!!! April fool

      devon.riley.52 - 2012-08-09 19:31

      Ongelukkig nie, in enige ander plek soos Europa, Amerika of Australie sou dit n April fools joke gewees het, maar ongelukkig hier in mzanzi (ex vaderland) is dit daaglikse realiteit

  • johan.maree.98 - 2012-08-09 17:16

    The Citizens of RSA would like to scrutinize his CV or is this as controversial / confidential / sub judice as his terminally ill (golf playing) brother's case?

  • frans.vanderpoll - 2012-08-09 17:16

    Wow! All I'm gonna say is: 'Watch this space my fellow South Africans!' What is that on the horizon? Oh it's just another scandal brooding.

  • malusi.shumane.7 - 2012-08-09 17:18

    Good move. - 2012-08-09 19:49

      they will now steal more money malusi ,yes your money or don't you pay tax's,oh you probably are one of the millions unemployed because the developement money is in the belly's of the thieving pigs.

  • Motho - 2012-08-09 17:21

    What about individuals who are qualified but aren't politically connected?

      sheik.mohammad.378 - 2012-08-09 17:49

      They have no chance!

      ama.ntuli.33 - 2012-08-09 19:55

      hey, who would you vote as the Face of the ANC? It can't be Zuma!! - go vote and we'll see

  • craig.s.pepper - 2012-08-09 17:24

    Load another scumbag on the cANCer gravy train!

  • freddie.jones.58367 - 2012-08-09 17:26

    "I believe the DBSA has followed proper processes in making this appointment, which I support," Doesn't the Minister realise that whether or not proper process was followed is not the problem. The public perspective is that the whole Shaik family oozes the stink of corruption and as such, none of them should be even considered for any public office.

  • mike.lamb.7777 - 2012-08-09 17:28

    Do we now have a fox in charge of the hen-house?

      komorison - 2012-08-09 18:56

      The cat just got given the key to the canary cage!

      ama.ntuli.33 - 2012-08-09 19:55

      hey, who would you vote as the Face of the ANC? It can't be Zuma!! - go vote and we'll see

  • warren.carne.9 - 2012-08-09 17:31

    The lunatics have taken over the asylum.

  • - 2012-08-09 17:32

    charra connection... Pravin's giving jobs his curry-buddies.

  • FloorWizPro - 2012-08-09 17:52

    Thick as thieves, this lot.

      maria.roth.589 - 2012-08-09 23:23

      Well said!!!!!!!!

  • winifred.watson.9 - 2012-08-09 18:30

    We all know that zuma owes this family big time. Schabir shaik took the rap for zuma so now you know why. Gordhan has been told to support him. We all know that the guptas and the shaiks are score big time.

  • irene.buthelezi.1 - 2012-08-09 18:32

    Not a single honest one among them. cANCer and all its members and all its supporters are pure scum.

  • marina.poniatowska - 2012-08-09 18:37

    Wasn't this guy connected as some stage with the rest of the thieving filth that went on Medical parole for golf lessons?

  • joe.ndlovu.16 - 2012-08-09 18:39

    Tommorrow u will hear that Shabir Shaik is the minister of what what department

      stephan.bester.14 - 2012-08-09 19:40

      Maybe minister of health, he can perform miracles - look at his own deadly disease and compare to the golf handicap

  • peter.jordaan.5 - 2012-08-09 18:40

    I believe this whole process like everything else that comes out from the ANC ... this is nothing else other than jobs for pals and political favours, it has nothing to do with talent (for he has a list of judgements against him).. just more of the same rubbish. while Rome is burning the ANC Zuma camp buys votes and favours. They will regret the day, it s coming sooner than we all thought.

  • flaming.oven - 2012-08-09 19:26

    God almighty. What a joke!!!

  • stephan.bester.14 - 2012-08-09 19:38

    Never forget that Gordhan is also a cadre of the anc, he may also be redeployed if he doesn't agree, maybe commissioner of police?????

  • - 2012-08-09 19:43

    harvard school of criminality,did he know he was going to be in the running (tip off from JZ THE GOFFEL FATHER)so quickly enrolled ,too coincidental.

  • denise.vonhirschberg - 2012-08-09 19:44

    I've taken a sabbatical on paying taxes. The more I read this carp the better I sleep.

  • ama.ntuli.33 - 2012-08-09 19:54

    hey, who would you vote as the Face of the ANC? It can't be Zuma!! - go vote and we'll see

  • - 2012-08-09 20:01

    funny how the other candidates can't be mentioned ,because there aren't any,DA should demand to know who they were.

  • bryan.culross - 2012-08-09 20:05

    Gordhan was CIR ... now works for someone (Zuma) that was "pardoned" for tax evasion ... Gordhan is as bad as the rest of the ANC

  • patrick.saunders123 - 2012-08-09 20:38

    because the shaik's are such an honest, law abiding clan.

  • - 2012-08-09 20:55

    phumlani,what is this"the whites" strike me as a full blooded rascist,no wonder we can't move forward as a country eish!!!!!

      Phumlani Madlala - 2012-08-09 21:01

      Cos u talk any how,u say whayever you want to say abt us,im only saying be careful,u likened our president with your dog

      irene.buthelezi.1 - 2012-08-09 23:35

      @Phumlani ~ My dog is WAY BETTER than Zooomer. More intelligent too!

  • - 2012-08-09 21:20

    phumlani i never likened our president to a dog,i judge people as i meet them not by who or what they are hamba khahle mchana.

  • maria.roth.589 - 2012-08-09 23:00

    Do you believe this? They should be aware that even if they could persuade us that proper procedures were followed that we could never believe them but they are so full of it that they could care less this is not for us it is for the international community. Animal farm in action.No less.

  • prakash.singh.169 - 2012-08-09 23:34


  • lacrimose.wolf - 2012-08-10 00:57

    “When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.” French economist Frédéric Bastiat (1801-1850)

  • gerasimos.komnenus - 2012-08-10 01:06

    You have just shown your true colours Pravin! What a disappointment you have turned out to be. Now I know you don't give a damn how our taxes are being wasted.

  • Phumlani Madlala - 2012-08-10 04:35

    Irene u also know yourself that your statement cannot be true,it s just a hatred,but what can we expect from the Buthelezi,You just like your grandfather,is it possible for us to criticise on facts constructively if we ve a vision of a rainbow nation?

  • Gerald Jordaan - 2012-08-10 06:17

    The den of thieves now includes the man in control of the countries purse ! Gordhan is now officially Big D*ck's lackey and cocks*cker!!

  • ian.schietekat - 2012-08-10 08:21

    Corrupt brothers look after each other

  • arthur.salvado - 2012-08-10 09:25

    It's all boetie boetie. It's a disgrace

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