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This Article is From Mar 05, 2018

Nene Is Said to Be Favored as South Africa Finance Minister

Nene Is Said to Be Favored as South Africa Finance Minister

(Bloomberg) -- Nhlanhla Nene, who was fired by Jacob Zuma as South Africa's finance minister in 2015, is favored by President Cyril Ramaphosa to be reappointed to the post, while David Mabuza will probably be named deputy president, two people familiar with the matter said.

Ramaphosa, who replaced Zuma as president this month, is due to announce a cabinet reshuffle at about 10 p.m. in Pretoria, the capital.

Current Finance Minister Malusi Gigaba is likely to be returned to his former post of minister of home affairs, and Lindiwe Sisulu will probably get the post of foreign minister, one of the people said. Zweli Mkhize, former ANC treasurer-general, is favored for the post of Minister of Co-operative Governance and Traditional Affairs.

--With assistance from Amogelang Mbatha

To contact the reporter on this story: Sam Mkokeli in Johannesburg at mmkokeli@bloomberg.net.

To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net, John Bowker

©2018 Bloomberg L.P.

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