Newly-elected president, Cyril Ramaphosa, has announced his new cabinet in a press briefing on Monday evening.<\/p>\n
In his late night reshuffle, Ramaphosa said that government will retain its existing ministries and departments until a review is made at a later date.<\/p>\n
However he still made a number of significant changes, notably the announcement of David Mabuza as deputy-president, the reshuffling of Malusi Gigaba as finance minister, and the re-introduction of Pravin Gordhan into cabinet.<\/p>\n
Nhlanhla Nene was re-appointed as finance minister, marking a dramatic comeback after being sacked by former president Jacob Zuma in 2015.<\/p>\n
The shakeup comes 11 days after Ramaphosa was elected president, replacing Zuma, who was forced to resign amid pressure from the ANC.<\/p>\n
Nene served as deputy finance minister before taking over the post of finance chief from Pravin Gordhan in 2014 and won the respect of investors before his firing.<\/p>\n
Since then he\u2019s taken up a position on the board of fund manager Allan Gray, become an adviser to Thebe Investment and served as temporary head of the University of Witwatersrand\u2019s Business School, bloomberg reported.<\/p>\n
Nene will spearhead efforts to revive an economy that only grew about 1% last year, drive down a 27% unemployment rate and rebuild investor confidence that was badly damaged during Zuma\u2019s scandal-marred nine-year tenure.<\/p>\n
\u201cThe reappointment of Nhlanhla Nene is a positive step in rebuilding South Africa\u2019s fiscal credibility,\u201d Andrew Canter, chief investment officer at Futuregrowth Asset Management told Bloomberg.<\/p>\n
\u201cUltimately, South Africa\u2019s renewal lies in the ability get economic growth and opportunity back on track.\u201d<\/p>\n
Gordhan was named as minister of public enterprises, Gigaba returned to his former post of minister of home affairs, while Lindiwe Sisulu will become foreign minister.<\/p>\n
This is the list of Ramaphosa’s new cabinet members:<\/p>\n
| Position<\/th>\n | Shuffled In<\/th>\n | Shuffled Out<\/th>\n<\/tr>\n |
|---|---|---|
| Deputy President<\/td>\n | David Mabuza<\/td>\n | <\/td>\n<\/tr>\n |
| Minister of Finance<\/td>\n | Nhlanhla Nene<\/td>\n | Malusi Gigaba<\/td>\n<\/tr>\n |
| Deputy Minister of Finance<\/td>\n | Mondli Gungubele<\/td>\n | Sifiso Buthelezi<\/td>\n<\/tr>\n |
| Minister of Energy<\/td>\n | Jeff Radebe<\/td>\n | David Mahlobo<\/td>\n<\/tr>\n |
| Minister of State Security<\/td>\n | Dipuo Letsatsi Duba<\/td>\n | Bongani Bongo<\/td>\n<\/tr>\n |
| Minister of Public Enterprises<\/td>\n | Pravin Gordhan<\/td>\n | Lynne Brown<\/td>\n<\/tr>\n |
| Minister of Home Affairs<\/td>\n | Malusi Gigaba<\/td>\n | Ayanda Dlodlo<\/td>\n<\/tr>\n |
| Minister of International Relations<\/td>\n | Lindiwe Sisulu<\/td>\n | Maite Nkoana-Mashabane<\/td>\n<\/tr>\n |
| Minister of Public Works<\/td>\n | Thulas Nxesi<\/td>\n | Nathi Nhleko<\/td>\n<\/tr>\n |
| Minister of Water and Sanitation<\/td>\n | Gugile Nkwinti<\/td>\n | Nomvula Mokonyane<\/td>\n<\/tr>\n |
| Minister of Transport<\/td>\n | Blade Nzimande<\/td>\n | Joe Maswanganyi<\/td>\n<\/tr>\n |
| Minister of Sport<\/td>\n | Thoko Xasa<\/td>\n | Thulas Nxesi<\/td>\n<\/tr>\n |
| Minister of Communications<\/td>\n | Nomvula Mokonyane<\/td>\n | Mmamoloko Kubayi-Ngubane<\/td>\n<\/tr>\n |
| Deputy Minister of Communications<\/td>\n | Pinkie Kekana<\/td>\n | Tandi Mahambehlala<\/td>\n<\/tr>\n |
| Minister of Social Development<\/td>\n | Susan Shabangu<\/td>\n | Bathabile Dlamini<\/td>\n<\/tr>\n |
| Minister of Mineral Resources<\/td>\n | Gwede Mantashe<\/td>\n | Mosebenzi Zwane<\/td>\n<\/tr>\n |
| Minister of Cooperative Governance<\/td>\n | Zweli Mkhize<\/td>\n | Des van Rooyen<\/td>\n<\/tr>\n |
| Minister of Science and Technology<\/td>\n | Nkhensani Kubayi-Ngubane<\/td>\n | Naledi Pandor<\/td>\n<\/tr>\n |
| Minister of Police<\/td>\n | Bheki Cele<\/td>\n | Fikile Mbalula<\/td>\n<\/tr>\n |
| Minister of Higher Education<\/td>\n | Naledi Pandor<\/td>\n | Hlengiwe Mkhize<\/td>\n<\/tr>\n |
| Minister of Human Settlements<\/td>\n | Nomaindia Mfeketo<\/td>\n | Lindiwe Sisulu<\/td>\n<\/tr>\n |
| Minister of Public Service and Admin<\/td>\n | Ayanda Dlodlo<\/td>\n | Faith Muthambi<\/td>\n<\/tr>\n |
| Minister of Rural Development<\/td>\n | Maite Nkoana-Mashabane<\/td>\n | Gugule Nkwiti<\/td>\n<\/tr>\n |
| Minister of Tourism<\/td>\n | Derek Hanekom<\/td>\n | Thoko Xasa<\/td>\n<\/tr>\n |
| Minister in the Presidency for Monitoring<\/td>\n | Nkosazana Dlamini-Zuma<\/td>\n | Jeff Radebe<\/td>\n<\/tr>\n |
| Minister of Women and Disability<\/td>\n | Bathabile Dlamini<\/td>\n | Susan Shabangu<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n \n |