Enoch Godongwana (born 9 June 1957) is a South African politician who has been serving as the Minister of Finance of South Africa in the government of

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

Cyril Ramaphosa Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and ...

since August 2021. He is also the former head of the

African National Congress The African National Congress (ANC) is a social-democratic political party in South Africa. A liberation movement known for its opposition to apartheid, it has governed the country since 1994, when the first post-apartheid election install ...

's economic transformation subcommittee in the

national executive committee National Executive Committee is the name of a leadership body in several organizations, mostly political parties: * National Executive Committee of the African National Congress, in South Africa * Australian Labor Party National Executive * Nationa ...

(NEC).

Early life and education

Godongwana was born in

Cala, Eastern Cape Cala is a town in Sakhisizwe Local Municipality, part of the Chris Hani District Municipality in the Eastern Cape province of South Africa. The village is located on the Tsomo River, 28 km southwest of Elliot. The name is Xhosa for ‘adj ...

and matriculated from St John’s College in

Mthatha Mthatha , formerly Umtata, is the main city of the King Sabata Dalindyebo Local Municipality in Eastern Cape province of South Africa and the capital of OR Tambo District Municipality. The city has an airport, previously known as the K. D. Matanz ...

. He obtained an MSc degree in financial economics from the

University of London The University of London (UoL; abbreviated as Lond or more rarely Londin in post-nominals) is a federal public research university located in London, England, United Kingdom. The university was established by royal charter in 1836 as a degree ...

in 1998.

Career in the private sector

Godongwana is a director of

Mondi Mondi plc is a multinational packaging industry, packaging and paper company, paper group employing around 26,000 people with around 100 production sites across more than 30 countries, predominantly in Europe, Russia, North America and South Afri ...

, a paper and packing company, as well as platinum miner

Platinum Group Metals The platinum-group metals (abbreviated as the PGMs; alternatively, the platinoids, platinides, platidises, platinum group, platinum metals, platinum family or platinum-group elements (PGEs)) are six noble, precious metallic elements clustered t ...

Canyon Springs Investments 12

Godongwana chaired Canyon Springs Investments 12, a shell company which he jointly owned 50% of with his wife. Canyon Springs was found to be involved in allegedly defrauding clothing factory workers of R100-million of their pension fund money from 2007 until 2011. His R1.5 million salary was found to be drawn from money loaned by the Southern African Clothing and Textile Workers’ Union (Sactwu) to the company, which loaned money was never returned to the union. He claimed to be unaware of the company's money sources. Richard Kawie and Sam Buthelezi, other co-owners of Canyons Springs Investment 12, had fraud cases opened against them for not repaying the union's loan.

Political career

Godongwana was a shop steward for the Metal and Allied Workers Union MAWU from 1979. He became general secretary of the

National Union of Metalworkers of South Africa The National Union of Metalworkers of South Africa (NUMSA) is the biggest single trade union in South Africa with more than 338,000 members, and prior to its expulsion on 8 November 2014, the largest affiliate of the Congress of South African T ...

(

NUMSA The National Union of Metalworkers of South Africa (NUMSA) is the biggest single trade union in South Africa with more than 338,000 members, and prior to its expulsion on 8 November 2014, the largest affiliate of the Congress of South African T ...

) from 1993 to 1996, and served on

COSATU The Congress of South African Trade Unions (COSATU) is a trade union federation in South Africa. It was founded in 1985 and is the largest of the country's three main trade union federations, with 21 affiliated trade unions.One Union expelled, ...

's Executive and Central Committees from 1992 to 1997. He served as deputy minister of public enterprises and deputy minister of economic development in the government of President Jacob Zuma from 2009 until 2012. He resigned after the Canyon Springs Investments matter was revealed by news organisations. In November 2020, the

United Democratic Movement The United Democratic Movement (UDM) is a centre-left, social-democratic, South African political party, formed by a prominent former National Party leader, Roelf Meyer (who has since resigned from the UDM), a former African National Congress ...

accused Godongwana of using his position in the DBSA to engage in corruption through companies that Godongwana had a stake in.

Other activities

* Joint World Bank-IMF Development Committee, Member (since 2022) *

African Development Bank The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies ...

(AfDB), Ex-Officio Member of the Board of Governors (since 2021) *

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

, Ex-Officio Member of the Board of Governors (since 2021) *

Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against ...

(MIGA),

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Gr ...

, Ex-Officio Member of the Board of Governors (since 2021)Board of Governors

(MIGA),

References

{{DEFAULTSORT:Godongwana, Enoch Living people African National Congress politicians Finance ministers of South Africa 21st-century South African politicians 1957 births