COSATU statement on the appointment of the new Minister of Finance Cde Tito Mboweni

The Congress of South African Trade Unions has noted President Cyril Ramaphosa’s decision to accept Former Minister of Finance Nhlanhla Nene’s resignation and replacing him with the Former Minister of Labour and Reserve Bank Governor Tito Mboweni. We commend former Minister Nhlanhla Nene for accepting responsibility for his mistakes and leaving without being pushed.

We wish the new Minister Tito Mboweni all the best in his new position. He has our support as workers and we hope that he can provide the necessary leadership to kick-start our flailing economy.

The federation also commends President Cyril Ramaphosa for being decisive and providing the necessary leadership in this instance. He has proven once again that he is serious about the new era of accountability and transparency under his presidency.

Issued by COSATU

Sizwe Pamla (Cosatu National Spokesperson)
Tel: 011 339 4911
Fax: 011 339 5080
Cell: 060 975 6794