Rand strengthens as investors welcome Godongwana, Ramokgopa’s reappointments to finance, electricity ministries

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Godongwana has pursued the austerity measures implemented by his predecessors to reduce debt and Ramokgopa is partly credited with the current relief from load-

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

Another minister who stays in his post is Gwede Mantashe, who will head the slightly reformatted mineral and petroleum resources portfolio. In his 2024 budget review, Godongwana said the government would draw R150 billion from the Gold and Foreign Exchange Contingency Reserve Account to reduce public borrowing and bring debt-service costs to heel. Perhaps as a compromise, Ramaphosa appointed the DA’s Ashor Sarupen as the second deputy minister in the finance ministry.

Sarupen has a master’s in philosophy and one in business administration. His research covered the effect of anti-globalisation on the South African economy. He had served as an MP from 2019 and was the DA’s representative on the appropriations committee.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rand rallies below R18/$ as Godongwana retains finance postRand rallies below R18/$ as Godongwana retains finance post
Source: News24 - 🏆 4. / 80 Read more »