Finance minister out of running for top ANC post

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South African Finance Minister EnochGodongwana has ruled himself out of the running for the post of treasurer-general of the governing African National Congress (ANC )when it meets to elect new leaders next month. Moneyweb PoliticalNews

South African Finance Minister Enoch Godongwana has ruled himself out of the running for the post of treasurer-general of the governing African National Congress when it meets to elect new leaders next month.

“It’s a conflict,” he said in an interview in Johannesburg on Thursday. “I can’t be the minister of finance and the TG of the ANC. Those two cannot come together. I prefer to be the minister of finance.” Africa’s oldest political movement, the ANC has held power since the first multi-racial elections in 1994. President Cyril Ramaphosa is widely expected to seek a second term as party leader at its December 16-20 national conference, and there has been speculation in the local media that Godongwana was a possible contender to succeed Paul Mashatile as its full-time treasurer-general.

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