Tito Mboweni sworn in as new South Africa finance minister
South Africa President Cyril Ramaphosa has appointed former SARB governor Tito Mboweni as new Finance Minister after accepting Nhlanhla Nene's resignation.
Tue, 09 Oct 2018 15:06:20 GMT
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AI Generated Summary
- Former SARB governor Tito Mboweni appointed as the new Finance Minister by President Cyril Ramaphosa after Nhlanhla Nene resigns
- Mboweni pledged to serve South Africa faithfully, uphold the Constitution, and fulfill his duties with honor and dignity
- The appointment of Mboweni brings extensive financial expertise to the role, signaling a potential shift in economic policies and reforms
South Africa President Cyril Ramaphosa has appointed former South African Reserve Bank governor Tito Mboweni as the new Finance Minister following the resignation of Nhlanhla Nene. In a formal ceremony, President Ramaphosa entrusted Mboweni with the crucial role, emphasizing the importance of upholding the Constitution and serving the country with honor and dignity. The appointment of Tito Mboweni brings a wealth of financial expertise and experience to the position, as he takes on the responsibility of steering the country's economy amidst challenging times. Mboweni's oath to faithfully serve South Africa and uphold the law signals a new chapter in the nation's financial leadership, setting the stage for potential reforms and policy decisions that could shape the economic future of the country.
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