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South Africa: Is Godongwana a more politically savvy finance minister?

By Xolisa Phillip, in Johannesburg
Posted on Monday, 23 August 2021 16:42

Enoch Godongwana / Facebook

The surprise departure of South Africa’s finance minister Tito Mboweni could signal a break from an unequivocal economic reform agenda to a fiscal stance that is more accommodating to elements of the left. Will Enoch Godongwana win over the doubters?

Mboweni, who was synonymous with the economic reform agenda, has made way for Enoch Godongwana. The latter is viewed as more accessible, while the former kept many at arm’s length, including South Africa’s powerful unions.

Godongwana becomes South Africa’s sixth finance minister. His predecessors include Nhlanhla Nene and Pravin Gordhan. President Cyril Ramaphosa announced Mboweni’s departure and Godongwana’s appointment in a recent reshuffle.