President Cyril Ramaphosa has appointed Mr Daniel Mminele as head of the newly established Presidential Climate Finance Task Team. In this role, Mr Mminele will lead South Africa’s efforts to mobilise finance for a just transition.
On 2 November 2021, the South African government announced an historic partnership with the governments of France, Germany, the United Kingdom and the United States, as well as the European Union, to support a just transition to a low carbon economy and a climate resilient society in South Africa.
In line with the Political Declaration to establish this partnership, partner countries have offered to mobilise an initial $8.5 billion (R132 billion) over the next three to five years through a range of instruments, including grants and concessional finance, to support the implementation of our revised Nationally Determined Contribution.
The Presidential Climate Finance Task Team, led by Mr Mminele together with the Asset and Liability Division from National Treasury, will analyse the offer with a view to advising cabinet on its composition, affordability, alignment with our regulatory environment, engage with partner countries; coordinate relevant government departments, development finance institutions, and the private sector; and oversee the development of relevant financing mechanisms and facilities to enable the flow of international climate finance to support South Africa’s just transition in the electricity, electric vehicles and green hydrogen sectors.
Mr Mminele has been Independent Non-Executive Director and chair-designate at Alexander Forbes Group Holdings since January 2022.
He served as Chief Executive of Absa Group Limited until 30 April 2021. Prior to joining Absa in January 2020, he was a Deputy Governor of the South African Reserve Bank (SARB) since July 2009 where he served two five-year terms. During a career spanning nearly 20 years at the South African Reserve Bank, Mr Mminele represented the SARB and South Africa in many international fora on the African continent and beyond.
His experience before the SARB included credit-risk analysis, corporate banking, and project and structured finance at private banking institutions in Germany, the United Kingdom and South Africa.
Mr Mminele was the recipient of the 2019 Life Time Achiever Award of the Association of Black Securities and Investment Professionals.
As a well-respected leader both in government and the financial sector, Mr Mminele will support South Africa’s ambition to achieve a just transition that advances the country’s interests; protects vulnerable workers and communities; contributes to investment, growth and sustainable jobs; and supports the global fight against climate change.
Share on Facebook «||»
Share on Twitter «||»
Share on Reddit «||»
Share on LinkedIn
Read Related News On TDPel Media
Advertisement
Daniel Mminele appointed Presidential Climate Finance Task Team head: President Cyril Ramaphosa has appointed Daniel Mminele as head of the newly-established Presidential Climate Finance Task Team. In this role, Mminele will lead South Africa’s...
Ababu namwamba appointed Head of International Relations in Ruto’s presidential campaign: Ababu Namwamba, the Foreign Affairs Cabinet Administrative Secretary (CAS), has been named Head of International Relations in the Presidential Campaign of Deputy President William Ruto....
UAE Minister of Climate Change and Environment outlines urgent task to transform global food systems at Gulfood 2022: UAE Minister of Climate Change and Environment outlines urgent task to transform global food systems at Gulfood 2022 DUBAI, 13th February, 2022 – The world...
Ministry of Finance organises ‘MoF Innovates 2022: Journey into Future of Finance’ as part of UAE Innovation Month 2022: Ministry of Finance organises ‘MoF Innovates 2022: Journey into Future of Finance’ as part of UAE Innovation Month 2022 ABU DHABI, 16th February, 2022 –...
The Industrial Finance Corporation of Mauritius (IFCM) to serve as a catalyst to boost industrial development and accelerate long term economic growth, says Finance Minister: The Industrial Finance Corporation of Mauritius (IFCM) Ltd (formerly the Investment Support Programme Ltd), was launched, today, in the presence of the Minister of Finance,...
Nottingham Forest vs. Manchester United predictions, kickoff time, TV, live stream, team news, head-to-head, odds: Manchester United is well aware of the need for swift improvement following a lackluster beginning to the season, and their upcoming match against Nottingham Forest...
Abubakar inaugurates Ministerial Delivery Task Team: The Permanent Secretary, Federal Ministry of Youth and Sports Development, Alhaji Ismaila Abubakar has inaugurated the Ministerial Delivery Task Team as advised by the Office...
Police Task Team Makes Major Breakthrough: Ten Arrested in Connection with ATM Bombings: …By Roland Peterson for TDPel Media. Limpopo police have achieved a major breakthrough in their efforts to combat ATM bombings and business robberies in the...
Cyril Amarchand Mangaldas Advises on the USD 500 Million Foreign Currency Climate Bond Issue by Indian Railway Finance Corporation: Cyril Amarchand Mangaldas advised the Bankers in relation to the USD 500 million offshore fundraising by Indian Railway Finance Corporation Limited (IRFC) by way of...
President Buhari’s Defense of Appointing Women to Head the Ministry of Finance: …By Jack Sylva for TDPel Media. In a statement made just six days before the end of his administration, President Muhammadu Buhari has offered a...