Owen Horwood

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Owen Pieter Faure Horwood
Minister of Finance
In office
Prime Minister B.J. Vorster
Preceded by Nicolaas Johannes Diederichs
Succeeded by Barend du Plessis
Minister of Economic Affairs
In office
Prime Minister B.J. Vorster
Personal details
Born (1916-12-06)6 December 1916
Died 13 September 1998(1998-09-13) (aged 81)
Political party National Party

Owen Pieter Faure Horwood, DMS (6 December 1916,[1] – 13 September 1998[2]) was a South African politician, leader of the National Party in the province of Natal and Finance Minister 1975 to 1984. He was married to the sister of the wife of Ian Smith, the then Prime Minister of Rhodesia.

After matriculating in Paarl, he studied at the University of the Cape where he obtained his B.Com degree and a Post-Graduate diploma in Actuarial Science. He worked in Cape Town until 1947 when he was appointed Senior Lecturer in Commerce at the University of Cape Town. In 1954 he became an associate professor at that University and in 1956 Professor in Economics at the University College of Rhodesia and Nyasaland in Salisbury.

Principal of the University of Natal, he entered politics in 1966 when he was appointed to the Senate by Prime Minister John Vorster.

He was professor of economics on the Durban campus of the University of Natal and became principal and vice-chancellor from 1965. He was also an adviser on economic affairs to the government of Lesotho. In 1970 he resigned from the university to take up a seat as a Natal-based senator. The then prime minister B.J. Vorster appointed him to the cabinet as Minister of Tourism and Indian affairs in 1972. He was elected leader of the National Party in Natal and held that position until 1984. In 1974 he was appointed Minister of Trade and Industry, and in February 1975 Minister of Finance. On his retirement from politics he held the position of executive chairman of Nedbank until 1993.

He retired from politics in 1984 and moved from Gauteng to Stellenbosch during 1997. Horwood died of a heart attack in 1998 in Stellenbosch.[3]


Political offices
Preceded by
Nicolaas Johannes Diederichs
Minister of Finance
Succeeded by
Barend du Plessis