Gwede Mantashe, the African National Congress national chairperson, emphasised that in areas where he holds influence and during his tenure, he would never endorse Floyd Shivambu, the EFF’s deputy president, to serve as Minister of Finance.Following an interview with Onkgopotse “JJ” Tabane’s Frank Dialogue, EFF leader Julius Malema proposed that his party could only consider sharing votes with the ANC under the condition that they appoint Shivambu as the finance minister.
Mantashe stated, “Where I have influence, I will never accept Floyd as a minister of finance because that is an outright formula for looting.”Mantashe, known for his vocal confidence in the ANC’s victory in the 2024 national and provincial elections, emphasised that the ANC has no intention of forming a coalition government with any other party.
indicated that the EFF would consider forming a cooperative relationship with the ANC, expected to suffer electoral defeat, on the condition that EFF deputy president Floyd Shivambu assumes the role of finance minister and leads the National Treasury. During this time, he has played a crucial role in overseeing substantial reforms within the financial sector.
Additionally, his input has played a role in developing the Financial Matters Amendment Bill, which facilitates state-owned companies’ ability to obtain a commercial banking license. Matshego highlights the EFF’s stipulation that, for coalition participation, the finance minister must originate from their party as a concerning factor. He expressed these concerns during a presentation at a Nedgroup Investments event in Johannesburg.
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