President Cyril Ramaphosa on Thursday reshuffled his Cabinet, replacing current Finance Minister Tito Mboweni with Enoch Godongwana, a former deputy minister of public enterprises.
“Minister Mboweni took up this position following the sudden departure of former minister Nhlanhla Nene in October 2018. Since then, he has effectively and ably steered National Treasury through extremely difficult economic times, providing stability and instilling confidence. “And if we do this [reintroduce the grant], in terms of the markets, it won’t be credible to announce a basic income grant without cancelling austerity,” said the official.Just last week in a business column, Godongwana – who was also the head of economic transformation for the ANC and chair of the Development Bank of Southern Africa – said South Africa’s economy has been in a bad shape since 2015, with the situation made worse by the pandemic.
Godongwana said there were two main things that were detrimental to the country’s economy: electricity shortages and corruption.
Another guy with a hat...🙈
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ALETTAHA ANC is a left wing socialist/communist party and changing horses is not going to make any difference. Fix the underlying philosophies and maybe we start growing again.
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The pension fund Grand West Casino BlackJack Master !
What is thus 'hat business' copying what is done in Nigeria? Thrsexchspsxare all so bloody infantile!...sad-sad, just sad!
Just woke up now or is your nyaope craving on ?
tomorrow i'm getting a hat just like this one, nje
Kante is it a future thing. I thought it has already happened
we are going nowhere slowly, SA is a jungle strue kazi yini isono sethu
Eish comrades. Our aunties in the garment and textile workers union are not resting here.
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Another mad hatter
Sad day indeed.
How old is he? How long is he going to serve?
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RIP SouthAfrica...we will never come right!
Another RECYCLED CADRE. And another one wearing a hat. Those we know all proved to be useless so far. Unbelievable that CR could find no- one else to fill that position? That is why SA will continue to go down in every way. Just a disap- pointing bunch of gravey train passengers.
He must be a worse sell out 🤣🤣 I am expecting more Horrible poverty coming.for the African child.....there's no hope here...mxm
Reshuffle the whole lot,🤪😜
We are screwed, another corrupt comrade. Sickening
Another hat
Now Enoch can loot properly. TreasuryRSA
Let's vote ANC out. Only looking after themselves and forgetting about the people and country.
Legodu!
Because it is the newly appointed minister of finance you don't mention or dig up his dirty laundry and also his lioting experience. Had it been that you hate so much, he would be walking naked by now.
This 1 big ass tief
🙆🙆🙆
This guy has at terrible track record of fraud and corruption 🤦🏼♂️🤦🏼♂️
CyrilRamaphosa BIG 🙆🏽♀️🙆🏽♀️🙆🏽♀️
Yahamba imali 🙆♀️
Bad news for the fight against corruption, at least lucky star's shenanigans were not yet in the public domain unlike this one.
This is likely to not end well.
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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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