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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.
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