President Cyril Ramaphosa has announced former Reserve Bank Governor, Tito Mboweni, as the new Minister of Finance.
This comes after Ramaphosa accepted the resignation of Nhlanhla Nene.
Ramaphosa addressed the media at Tuynhuys Media Centre in Cape Town.
The rand is currently trading at 0.67% stronger at R14,75 after Ramaphosa’s announcement.
It is the first time it has reached below R15 in October.
Watch video below for more on the story:
#TitoMboweni sworn as new Minister of Finance pic.twitter.com/r1AUpkHaai
— SABC News Online (@SABCNewsOnline) October 9, 2018
Welcome back @tito_mboweni
— Masesi Mnisi (@MasesiMnisi) October 9, 2018
In Tito Mboweni i trust✊🏿
— MAO™ (@MAOTSETIM1) October 9, 2018
Good luck @tito_mboweni. Never have we needed better leadership than now. May you turn the ship around and salvage our economy from the recession.
— Over It (@MalcolmLennox1) October 9, 2018
#TitoMboweni #TitoMboweni sha sha share price up. @Casper_Nyovest
— HouseDJ CapeTown (@Tabongz_SA) October 9, 2018
#TitoMboweni #TitoMboweni sha sha share price up. @Casper_Nyovest
— HouseDJ CapeTown (@Tabongz_SA) October 9, 2018
Welcome to the #Ramaphosa administration, where tainted ministers willingly step down and where capable, experienced ministers are appointed in their place. Such a change from the Zuma years. #NhlanhlaNene #TitoMboweni
— Roy McKenzie (@RoyMcK) October 9, 2018
Welcome back Mr shasha. T#TitoMboweni pic.twitter.com/RAVYoHH4Oz
— lloydbank$ (@lloydmaboya) October 9, 2018
— R.M Phoolo (@CassperNyovest) October 9, 2018
— R.M Phoolo (@CassperNyovest) October 9, 2018
President Cryil Ramaphosa appoints #TitoMboweni the new finance minister after #NhlanhlaNene resignation. pic.twitter.com/uDpQqKIoWe
— Sandile Jeff Zikhali (@Bangibiza_uJeff) October 9, 2018
Already feel better about #TitoMboweni when he's actually correcting the person swearing him in😂😂 #FinanceMinister #CyrilRamaphosa
— Naresh Hansraj (@HansrajNaresh) October 9, 2018
.@tito_mboweni CONGRATULATIONS on becoming our Finance Minister!!! EXCITED to hear the good news! Make us proud. 🙏🙏🤲🤲#NhlanhlaNene #Ramaphosa #TitoMboweni
— Bey (@Sooperniz) October 9, 2018
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