South Africa : ANC names head of economic transformation

  • 20 April 2022 / News / 464 / Fares RAHAHLIA

South Africa : ANC names head of economic transformation

South Africa’s governing African National Congress appointed Human Settlements minister Mmamoloko Kubayi as head of economic transformation.

Kubayi, 43, succeeds Enoch Godongwana, who relinquished the powerful party position after being appointed finance minister in August. A statement on Kubayi’s appointment will be issued later, ANC spokesman Pule Mabe said by phone on Tuesday.

“The ETC subcommittee plays a critical role in driving our policy decisions around economic transformation, but it also assists in populating our responses on a number of economic interventions that are being undertaken in the country,” Mabe said.

Kubayi is currently serving as acting finance minister while Godongwana is in Washington attending the IMF Spring Meetings, the Finance Ministry said in an emailed response to questions.

She is co-chair of the Cabinet’s economic cluster along with Minerals & Energy minister Gwede Mantashe. Kuabyi has been touted as a contender for the position of deputy president of the ANC when the party holds its elective conference in December.

A former tourism minister, she faced criticism last year for championing Black-ownership as a requirement for access to a fund created to help the industry overcome the effects of the coronavirus pandemic.

Kubayi was appointed as minister for human settlements in August. Her department will play a key role in relief efforts after South Africa’s worst flooding in almost three decades claimed more than 400 lives in two provinces and destroyed thousands of homes.

source: businesstech