Ramaphosa appoints Enoch Godongwana as finance minister

South African President Cyril Ramaphosa on Thursday appointed the chair of Improvement Financial institution of South Africa Enoch Godongwana as finance minister, changing Tito Mboweni who has requested to be excused from his place.

The deputy well being minister Joe Phaahla will head the well being ministry, Ramaphosa stated throughout a significant cupboard reshuffle, which included disposing of the ministry of state safety to “place political accountability for the State Safety Company within the Presidency”.

Moneyweb Insider

Subscribe for full entry to all our share and unit belief knowledge instruments, our award-winning articles, and assist high quality journalism within the course of.

Phaahla replaces Zweli Mkhize who has additionally resigned after being on particular go away for nearly two months on allegations that his division irregularly awarded Covid-19-related contracts to a communications firm managed by his former associates.

The request from Mboweni, who took up the place following the sudden departure of former finance minister Nhlanhla Nene in October 2018, had been a long-standing one, Ramaphosa stated.

Mkhize had additionally requested the president to permit him to step down “as a way to carry certainty and stability to this vital portfolio,” Ramaphosa added.

Thandi Modise, former speaker of the Nationwide Meeting, would be the new minister of defence and navy veterans, changing Nosiviwe Mapisa-Nqakula whose standing with Ramaphosa took a knock just lately when she contradicted him saying latest unrest and violence in Gauteng and KwaZulu-Natal was not an rebellion.

Ramaphosa stated Mapisa-Nqakula will likely be deployed to a brand new place.

Source link