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'Partnership between Mboweni and Masondo should serve to reassure markets'

30 May 2019 1:33 PM
Tags:
Cyril Ramaphosa
Cabinet
Black Business Council

Black Business Council president Sandile Zungu reacts to President Cyril Ramaphosa's new Cabinet.

Black Business Council president Sandile Zungu hopes that ministers in the economic cluster will work as a coherent unit.

On Wednesday night President Cyril Ramaphosa announced his new Cabinet for the sixth administration.

Ebrahim Patel will head trade and industry, Pravin Gordhan will be in charge of public enterprises and Tito Mboweni returns to the treasury.

Read: 'Will these ministers do things differently? The economy won't be fooled'

Nickolaus Bauer on the Xolani Gwala Show speaks to Zungu on the new Cabinet.

Mixed messages from these three departments must be a thing of the past, and we hope the trio will now be more single-mindedly purposed and focused on a mandate to create jobs and grow the economy.

Sandile Zungu, President - Black Business Council

He says we cannot cast aspersions on the individual choices that Ramaphosa has made.

However, it would have been wonderful for the president to invite someone from the private sector into his Cabinet, he notes.

When probed on his thoughts on the appointment of Deputy Finance minister David Masondo, Zungu had this to say:

Masondo is a sharp intellectual who oozes a lot of integrity and has been involved in the Limpopo government before and he performed very well there. We are very encouraged by this informed choice. We think that together with Mboweni, they should serve to reassure the markets and that the stewardship of finances is in good hands.

Sandile Zungu, President - Black Business Council

Listen below to the full interview:


30 May 2019 1:33 PM
Tags:
Cyril Ramaphosa
Cabinet
Black Business Council

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