Ina Opperman
Business Journalist
5 minute read
6 Aug 2021
3:48 pm

New finance minister Godongwana has big boots to fill

Ina Opperman

As with many other ANC members in high office, Godongwana has a shadow of corruption following him, which is not ideal.

Finance Minister Enoch Godongwana. Photo: Gallo Images/Alet Pretorius

New finance minister Enoch Godongwana (64) has some big boots to fill as he replaces Tito Mboweni, who was well-known in the financial markets and steered the ministry with a very firm hand, often refusing to accede to requests for more money for bail-outs and public sector wages. Until now Godongwana was head of economic development for the ANC and chairperson of the Development Bank of Southern Africa. He is a former deputy minister of public enterprises and later economic development, MEC of economic affairs, and later finance in the Eastern Cape. He comes from a union background where he...