New York — Goldman Sachs plans to replace its finance chief at year-end, with Denis Coleman taking over from CFO Stephen Scherr, according to an internal memo on Tuesday.
Scherr, 57, has been with Goldman for 28 years and its finance chief since November 2018, around the time CEO David Solomon took his seat. In prior roles, Scherr oversaw Goldman’s identity shift from a Wall Street firm to a traditional bank that takes deposits and makes loans.
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Finance minister Enoch Godongwana recoils from R73.5bn ANC spreeThe finance minister called for significant economic reforms to be implemented before President Cyril Ramaphosa presents his state of the nation address in February. Didn't the previous finance minister utter the same words when he was appointed? Something along the lines of tightening fiscal control? Didn't take long before he backed down and gave in to whatever the party wanted. Even at the expense of the poor who support this anc party.
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