Deprecated: str_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/zbyiujsu/public_html/wp-content/plugins/jnews-social-share/class.jnews-initial-counter.php on line 40
Deprecated: str_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/zbyiujsu/public_html/wp-content/plugins/jnews-social-share/class.jnews-initial-counter.php on line 40
Deprecated: str_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/zbyiujsu/public_html/wp-content/plugins/jnews-social-share/class.jnews-initial-counter.php on line 40
Deprecated: str_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/zbyiujsu/public_html/wp-content/plugins/jnews-social-share/class.jnews-initial-counter.php on line 40
Finance Minister, Enoch Godongwana, who also doubles up as the head of the Economic Transformation subcommittee in the National Executive Committee (NEC), has stated that time has arrived for him to step down from the position.
According to reliable sources, Gondongwana who has held the position for over a decade, has already let his decision known to the ANC officials, namely the top 6. It is understood that Deputy-Secretary-General Jessie Duarte in particular has been made abreast of Godongwana’s intention to step down.
Ordinarily, his appointment by President Cyril Ramaphosa to take over from erstwhile finance minister, Tito Mboweni at treasury, could be viewed as potentially the primary reason he has chosen to step down.
However, the former director of the Development Bank Of Southern Africa (DBSA), has placed it on record that he was invariably bound to do so regardless, suggesting that he would prefer to see young people taking over positions of significance in the movement.
He made reference to the fact that the ANC has had difficulties in so far as succession plans are concerned, which is why he is consciously moving over to create space.
“It has invariably been my stance prior to becoming finance minister, of a huge need to facilitate a quicker transition of the youth to take over active leadership positions within the party’s highest structures. Quite honestly, our transition of leadership as the ANC hasn’t really been smooth,” Godongwana was quoted ipsissima verbal by Business Day.
It remains unclear as which candidates are to succeed Godongwana, but there is not a shortage of them, particularly skills-wise. The current deputy finance minister, Dr David Masondo and Human Settlements, Water & sanitation minister, Mamoloko Kubayi-Ngubane are already tipped as potential candidates.
Described by his fellow comrades as an economic policy Guru, the 64-years old is arguably the most educated and experienced ANC leader in so far as matters of economics are concerned, he holds a Masters Degree in Financial Economics from the University of London (1998).
Apart from working within ANC structures, Godongwana who is regarded by some as a keen believer in reformist neoliberalism, rose to prominence in the early 1990s as the General-Secretary of National Union Of Metal Workers of South Africa (NUMSA).
Moreover, despite his short spell in government between 2009-12 as a deputy minister, he has made quite a name for himself in the private sector, he served as a director of Mondi, Platinum Group Metals, and Canyon Springs (a company in which he held a stake and was embroiled in a corruption scandal amounting to millions).
– Online News Bible