HILARY JOFFE: Cabinet's less glamorous posts are where rubber hits the road
The Ramaphosa reshuffle this week was driven by political positioning rather than economic reform
08 August 2021 - 00:08
Markets tend to fixate on the finance minister, as they predictably did this week when President Cyril Ramaphosa included a switch of finance minister in his cabinet reshuffle. The fixation is not so surprising: for a bond market investor, the issue is whether a country will be able to service its debt in the medium to long term, and no-one is more important to this than the finance minister...
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