Organised business and the financial markets have welcomed the retention of ministers Pravin Gordhan at public enterprises and Tito Mboweni at finance, taking this as a signal that the government will make good on its promises to pursue fiscal consolidation, reform state-owned enterprises and accelerate growth.

As expected, the departments of economic development and trade & industry (DTI) were merged under former economic development minister Ebrahim Patel. SA’s continued deindustrialisation under the obdurate Rob Davies made his exit from the DTI long overdue.

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