Ramaphosa Targets Growth, Graft With South African Cabinet
- South African president retains David Mabuza as his deputy
- Tito Mboweni and Pravin Gordhan kept their top posts
South African President Cyril Ramaphosa took a step toward putting Africa’s most industrialized economy on a growth path and fighting graft by naming a slimmed-down cabinet that retained Finance Minister Tito Mboweni and Public Enterprises Minister Pravin Gordhan in their posts.
The reappointment of David Mabuza, who’s been implicated in a string of scandals, as his deputy reflects the political trade-offs he’s had to make due to his tenuous hold on the deeply divided ruling African National Congress. Since securing a five-year term when the ANC won a parliamentary majority on May 8, Ramaphosa, 66, has vowed to clean up a government discredited under his predecessor, Jacob Zuma. The rand extended gains made overnight, strengthening 0.2% to 14.6304 per dollar by 7:40 a.m. in Johannesburg.