When SA Finance Minister Mboweni was appointed in October to replace Nhlanhla Nene as finance minister, the Congress of South African Trade Unions made it clear it should only be a transitional move, Michael Shingange, Cosatu’s first deputy president, said on Tuesday in an interview in Bloomberg’s Johannesburg office.
Cosatu’s problem with Mboweni, who turned 60 last month, is not only his age — given that the powerful labor federation helped Cyril Ramaphosa, 66, take over the presidency. It’s rather the former central bank governor’s stance on state companies that he says are over-staffed and should be sold off — ideologically opposite to the ruling-party ally’s socialist policies.
While Gordhan, 70, was appointed to help restore trust and credibility in Eskom, rolling power cuts and constant crisis-management at the utility show that he is failing, according to Cosatu.
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They never liked him ,when he was a minister of labor they used to have lot of issues
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