South Africa’s Ramaphosa to Revamp His Executive on Monday
- Oops!Something went wrong.Please try again later.
(Bloomberg) --
Most Read from Bloomberg
Holding Cash Will Be a Winning Strategy in 2023, Investors Say
Tesla Slashes Model S and X Prices for the Second Time This Year
Tesla’s China Price War Sparks $18 Billion BYD Rout: Tech Watch
Trump’s Threat of a Third-Party Run Is Undercut by ‘Sore Loser’ Laws
US Banks Are Finally Being Forced to Raise Rates on Deposits
South African President Cyril Ramaphosa will announce changes to his cabinet on Monday, his spokesperson Vincent Magwenya said in a media briefing in Pretoria Sunday.
Anticipation of a cabinet makeover have intensified after Ramaphosa secured a second term as president of the governing African National Congress in December. A number of his allies were elected to senior positions in the party, paving the way for their potential inclusion in the cabinet.
The formation of a new executive will “reinforce government’s focus” on the president’s agenda as set out in his February state of the nation address, Magwenya said. The announcement will be at 7.00pm.
Among the appointments will be a new deputy after David Mabuza tendered his resignation to parliament earlier this month.
The vacant position of minister of public service and administration and a new position of electricity minister are among the roles to be filled. Ramaphosa is also expected to name a new transport minister.
Kgosientsho Ramokgopa, who heads up the infrastructure office in the presidency and isn’t a lawmaker, has been touted as a candidate to become the electricity minister.
The new team will “build on the commitments government has made for faster growth through our investment drive, economic reforms, public employment programs, and expanding infrastructure programs,” Magwenya said.
Most Read from Bloomberg Businessweek
Yellowstone Backers Wanted to Cash Out—Then the Streaming Bubble Burst
FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets
Female Execs Are Exhausted, Frustrated and Heading for the Exits
How Countries Leading on Early Years of Child Care Get It Right
PayPal Is Searching for a CEO Who Can Reverse Its $279 Billion Stock Drop
©2023 Bloomberg L.P.