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Tito Mboweni’s aloe ferox may have left the scene never to return, yet his successor, Enoch Godongwana, delivered earthy grit in last week’s medium-term budget speech.

Investors and market analysts liked Mboweni. But they also knew his time had come, and he had outlived his usefulness. He had become almost too independent-minded, with too much distance between him and the ANC...

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