Mboweni on ANC’s list of members of parliament

Lawmakers due to be sworn on May 22.
Finance minister Tito Mboweni is number 22 on the ruling party’s list of 230 members of parliament. Picture: Waldo Swiegers/Bloomberg

Finance minister Tito Mboweni is on the ruling African National Congress’s list of elected lawmakers, increasing chances that he could remain in his cabinet post.

Mboweni is number 22 on the ruling party’s list of 230 members of parliament that was published in the Government Gazette on Wednesday. Lawmakers are due to be sworn on May 22 and will then officially elect the president, in this case ANC leader Cyril Ramaphosa.

While Mboweni has only been in his post since October, he hinted in a recent radio interview that he may not remain for long. Becoming a lawmaker would suggest he isn’t returning to the private sector yet.

If Ramaphosa keeps Mboweni in his post it may be viewed as positive by investors counting on the former central bank governor to help to steer the nation’s finances after debt accumulated rapidly under former President Jacob Zuma’s administration.

© 2019 Bloomberg L.P

COMMENTS   2

Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

ANC – get the crooks off the list.

I disagree with the article; Mboweni made it very clear long ago after media speculation, that he IS available to remain in his current position and has no plans to return to the private sector.

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

Instrument Details  

You do not have any portfolios, please create one here.
You do not have an alert portfolio, please create one here.
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: