Welcome back: President Cyril Ramaphosa appointed Tito Mboweni as finance minister in October and returned him to the same position on Wednesday night.
These two appointments were particularly important, given the need to provide stability in ongoing talks around the reform of power utility Eskom and bailout discussions for the parastatal, Intellidex’s head of capital markets research Peter Attard Montalto said in a note. The decision to merge portfolios in the economics cluster, such as the departments of mineral resources and energy, received a mixed response.
This is “a problematic move”, said Attard Montalto, because it will create conflicts of interest as well as stretch the minister “given the complexity of both areas and the issues of Eskom and energy market reform”.