Described as a “well-respected leader both in government and the financial sector”, Mminele will lead efforts to mobilise finance for 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”, the presidency said.
The presidency said in line with the political declaration to establish this partnership, partner countries have offered to mobilise an initial $8.5bn over the next three to five years through a range of instruments, including grants and concessional finance, to support the implementation of the contribution.
“They will engage with partner countries, co-ordinate 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 SA’s just transition in the electricity, electric vehicles and green hydrogen sectors,” the presidency said.
“Prior to joining Absa in January 2020, he was a deputy governor of the SA Reserve Bank since July 2009, where he served two five-year terms. During a career spanning nearly 20 years at the SARB, Mminele represented the bank and SA in many international forums on the African continent and beyond.”
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