August 2021 IDM Special Edition
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NEW FINANCE MINISTER<br />
President Ramaphosa recently made some significant<br />
changes to his Cabinet. In the midst of all the changes,<br />
Finance Minister Tito Mboweni handed in his resignation.<br />
The President then invited the head of the ANC’s NEC<br />
economic transformation sub-committee, Mr Enoch<br />
Godongwana to take on the role as Finance Minister. He<br />
accepted.<br />
Mr Godongwana has served as a director at Mondi, and<br />
Platinum Group Metals as well as chairperson of the<br />
Development Bank of Southern Africa. He comes from<br />
a trade union background and at one time served as the<br />
general secretary of Numsa. He spent time as Provincial<br />
Minister of Finance in the Eastern Cape before becoming<br />
the Deputy Minister of Economic Development.<br />
In the past, Mr Godongwana has been outspoken about<br />
overspending by Government and made statements about<br />
the need for SA to have better social infrastructure to meet<br />
people’s basic needs.
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