Ramaphosa appoints new leaner cabinet


- chronicle.co.zw | 10 months ago

Markets are likely to welcome the reappointment of Mboweni, a former central bank governor who is well respected by investors.

He was first appointed to the position in October and has spoken out about trimming government spending and selling some state companies that are acting as a drain on public finances. Investors will also scrutinise Ramaphosa’s decision to retain David Mabuza as deputy president.

Last week, Mabuza had requested a delay in his swearing-in to parliament to clear his name before an ANC integrity commission, following allegations of impropriety during his decade-long premiership of the mineral-rich eastern Mpumalanga province.

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