Expectations are rising that finance minister Tito Mboweni will be returned to the portfolio when Cyril Ramaphosa announces his new cabinet, but the maverick minister is keeping tight-lipped. Mboweni declined this week to comment on the selection process or whether he would make himself available for another term as finance minister. "It has not been offered to me. It's speculative. I don't want to get involved with that." The stakes are high for Ramaphosa and he will need to be confident that the finance minister he chooses can stabilise the country's finances - saving SA's last remaining investment-grade rating. Continuity in the finance ministry will be key given that over the past five years SA has not had a finance minister who has delivered on the fiscal framework. "In other words, one who has presented a budget in February that was seen through in the following three years," Maarten Ackerman, chief economist at Citadel, said this week. Ramaphosa is widely expected to appoint ...
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