Even if the appointment of David Masondo as deputy finance minister is a reward for loyalty to the Cyril Ramaphosa faction within the ANC, Masondo may turn out to be a blessing in disguise.

Masondo is a technocrat and, given his economics background, some economists say he is likely to be a steady hand at the National Treasury, which is arguably facing its toughest period yet as the shock GDP print for the first quarter of this year signals that attempts to reverse moribund economic growth will be an uphill battle.

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