BREAKING NEWS: Tito Mboweni returns as finance minister and Patricia de Lille gets cabinet post

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The president announced a reduced cabinet during an address to the nation at the Union Buildings on Wednesday evening

A picture taken on February 14 2018 shows a general view of the Union Buildings in Pretoria. Picture: GETTY IMAGES/ AFP/ PHILL MAGAKOE

President Cyril Ramaphosa has announced his new cabinet, exactly one week after being elected SA’s fifth democratic president by parliament. Ramaphosa said the number of ministers had been reduced from 36 to 28 to promote “greater coherence, better co-ordination and improve efficiency”.Within a few minutes of the announcement, the rand had strengthened 0.5% to R14.6527/$.

For the first time in SA's political history, half of the ministers are women. A significant number of young people have also been included in the new executive.

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