Derek Lyle Keys (30 August 1931 – 29 April 2018) was a South African politician who served as
Minister of Finance
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .
A ministry of finance's portfolio ...
from 1992 to September 1994, in the cabinets of
F. W. de Klerk
Frederik Willem de Klerk ( , ; 18 March 1936 – 11 November 2021) was a South African politician who served as the seventh and final state president of South Africa from 1989 to 1994 and as Deputy President of South Africa, deputy president a ...
and
Nelson Mandela
Nelson Rolihlahla Mandela ( , ; born Rolihlahla Mandela; 18 July 1918 – 5 December 2013) was a South African Internal resistance to apartheid, anti-apartheid activist and politician who served as the first president of South Africa f ...
.
Early life
Born in Johannesburg, he attended the
University of Witwatersrand where he graduated with a
Bachelor of Commerce
A Bachelor of Commerce (BCom or B Com) is an undergraduate degree in commerce, accounting, mathematics, economics, and management-related subjects.
The degree is mainly offered in Commonwealth nations.
Structure
Bachelor of Commerce
The Bac ...
degree in 1950.
[ By 1954, he qualified as a chartered accountant.][
]
Career
Keys joined the Industrial Development Corporation of South Africa in 1956. In the subsequent eight years he was involved in the development of many of the major South African industries. Until 1986 Keys played largely advisory roles for several international and local companies operating in South Africa as a management consultant.[ During these 21 years he joined the boards of, among others, Asea, ]Sandvik
Sandvik AB is a Swedish multinational corporation, multinational engineering company specializing in products and services for mining, rock excavation, drilling rig, rock drilling, rock processing (crusher, crushing and mechanical screening, scre ...
, and Sappi.
Prior to becoming a cabinet minister, he had been the executive chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...
of Gencor from 1986 until 1991.[
In December 1991 Keys was appointed Minister of Economic Co-ordination and of Trade and Industry.][ In May 1992, the portfolio of Minister of Finance was added to Keys' tasks.][ He had previously served on government bodies in an advisory capacity, including the commission for electricity, the Tax Advisory Committee and the State Presidents' Economic Advisory Council.
Keys resigned shortly on 6 July 1994, and was replaced by banker Chris Liebenberg on 19 September.]
References
{{DEFAULTSORT:Keys, Derek
1931 births
2018 deaths
White South African people
Ministers of finance of South Africa
National Party (South Africa) politicians
Politicians from Johannesburg
Members of the National Assembly of South Africa 1994–1999