New finance minister sets focus on 'colossal task'

David van Rooyen was sworn in at the Union Building yesterday after Jacob Zuma fired Nhlanhla Nene.

David van Rooyen was sworn in as South Africa’s new Finance Minister on 10 December, 2015. Picture: Barry Bateman/EWN.

PRETORIA - Newly appointed Finance Minister David van Rooyen says his focus will be on creating an economic environment that leads to investment and growth in the country.

He was speaking at the Union Buildings on Thursday after being sworn in by Justice Sisi Khampepe.

LISTEN: Finance Minister David van Rooyen sworn in.

President Jacob Zuma made the shock announcement on Wednesday night that he had fired Nhlanhla Nene and replaced him with van Rooyen.

Van Rooyen has sworn to uphold the Constitution and serve the republic.

"I will endeavour to ensure that every policy is directed at creating favourable investment conditions, leading to the development of South Africa for all South Africans."

He says his work starts today and has acknowledged the difficult task ahead of him.

"I'll only be meeting the National Treasury team in due course and thereafter I will definitely start proper engagements with the media and the nation.

Van Rooyen has acknowledged what he has termed a colossal task ahead him in light of the global economic climate.

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He's praised his predecessors, saying he will build on the solid foundations they've already laid down.

The new finance minister says he'll pick up the baton from his predecessors.

"Each of these leaders I'm following made lasting and important contributions to our common purpose in ensuring the strategic goals of our country."

Van Rooyen says he expects to meet his finance team today.

LISTEN: Who is David van Rooyen?