/ 14 November 2023

UPDATED: Electricity Minister Kgosientsho Ramokgopa acting as finance minister

Electricity Minister Kgosientsho Ramokgopa

Electricity Minister Kgosientsho Ramokgopa is acting as finance minister in the place of Enoch Godongwana, the presidency confirmed on Tuesday.

“Yes, he is acting,” presidential spokesperson Vincent Magwenya said. He gave no further detail and downplayed the risk that financial markets would react to the news.

“There is no concern about the markets,” Magwenya said, adding that there were no major policy decisions pending.

The Mail & Guardian understands that Ramokgopa took over last week when Godongwana was admitted to hospital with a serious illness.

This comes shortly after he delivered the medium-term budget policy statement, which seeks to address the country’s growth crisis while constraining spending and spiralling debt.

There have been concerns about the finance minister’s health for some time.

According to the treasury, Godongwana is on leave. Ramokgopa will stand in as finance minister until 22 November, as Godongwana intends to attend the G20 Africa Compact next week, treasury said.

*This story has been updated with comment from the treasury