The ANC is expected to keep Enoch Godongwana as the finance minister to ensure continuity and satisfy key stakeholders amid talks for a new cabinet. This move is said to be intended to maintain stability in the economic sector and appease both the markets and the party’s partners and disgruntled NEC members, despite earlier discussions about appointing an independent finance minister from the private sector.
[The auditor-general’s report on the City of Johannesburg’s financials between July 2022 and June 2023 showed that the city lost R4.2 billion of electricity and a further R2.4 billion of water. This equates to R6.6 billion in lost trading revenue, more than 10% of its total revenue in the period .The Engineering Council of South Africa has placed an engineer linked to the George building collapse, which occurred on 6 May and killed 34 people, has been placed on precautionary suspension.