Ramaphosa said he had accepted a “long-standing request” by Mboweni “to be excused from his position as minister of finance”.
Mboweni is widely regarded as a trusted hand by the investment community and a voice of reason when it comes to fiscal prudence. He has resisted calls for billions of rands to be thrown to unproductive state-owned entities and to compensate 1.3 million public servants with inflation-busting salary increases.
Ramaphosa and Mantashe have been on opposite sides when it comes to reforms in the energy sector. In June, when load shedding intensified to Stage 3 and posed more threats to the battered economy, Ramaphosa twisted Mantashe’s arm to lift the
TITO 'S A WALK IN THE PARK I PREDICT
THIS IS TROUBLE
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Cabinet reshuffle: Godongwana to replace Mboweni as finance minister | CitypressPresident Cyril Ramaphosa last night reshuffled his Cabinet, replacing current Finance Minister Tito Mboweni with Enoch Godongwana, a former deputy minister of public enterprises. This is likely to not end well. Bad news for the fight against corruption, at least lucky star's shenanigans were not yet in the public domain unlike this one. Yahamba imali 🙆♀️
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Tito Mboweni is no longer finance minister as Ramaphosa lets him leaveTito Mboweni is no longer SA's finance minister, and will be replaced by Enoch Godongwana. Good riddance Asbonge💃💃💃 now he can focus on his rotten tomatoes and cucumbers 😏 How is the Rand doing
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Ramaphosa scraps state security, announces new finance minister and fires Mapisa-NqakulaThe much-anticipated announcement of changes to President Cyril Ramaphosa's cabinet comes amid news that Dr Zweli Mkhize resigned. So sorry to say goodbye to Tito Mboweni He didn’t reshuffle shit. 1 thief resigned, the other called it quits. The cadres that could hurt his re-election are still in position! Nobody in life gets exactly what they thought they were going to get but with your help, many had been able to achieve their dreams and I am included. Thank you so much Albert_Kason
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