Ina Opperman
Business Journalist
2 minute read
7 Aug 2021
4:20 am

Ramaphosa ‘had better candidates to choose from’, say experts on finance minister

Ina Opperman

Rossouw acknowledged Godongwana had standing in the ANC, but that would mean nothing if he did not ensure financial and fiscal stability.

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

New finance minister Enoch Godongwana, 64, has big boots to fill as he replaces Tito Mboweni, who was well-known in financial circles and steered the department with a firm hand, often refusing to accede to requests for more money for bailouts and public sector wages. Godongwana was head of economic development for the ANC and chair 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 was a shop steward for...