Enoch Godongwana

South Africa
Rift between finances minister and deputy minister reaches breaking point

Tensions between the finance minister and his deputy have become so severe that the latter no longer reports to his office at the National Treasury headquarters in Pretoria's central business district.

South Africa
PIC public fund finance chief caught in crossfire of boardroom power struggle

The potential ousting of Damoyi comes as factional infighting intensifies at the Public Investment Corp, which oversees a $183bn investment portfolio.

South Africa
Minister of trade and industry sets his sights on the head of the IDC development agency

Mmakgoshi Lekhethe, the first woman to hold the post of CEO of the state-owned Industrial Development Corp – a role to which she was appointed in December 2024 – is now in Parks Tau’s sights.

South Africa
Finance minister blocks union leader's appointment to Public Investment Corp board

Enoch Godongwana is refusing to approve the return of Mugwena Maluleke, one of the country's leading trade unionists, to the board of South Africa's PIC, which manages public service worker assets and has just been shaken by a major governance crisis.

South Africa
ANC ministers divided over chromite tax

Two government heavyweights, Parks Tau and Gwede Mantashe, are at odds over the measures to be taken to revive the failing ferrochrome industry. Those under consideration have provoked strong opposition from mining groups, including Sibanye-Stillwater.

South Africa
Pretoria's plan to rescue its ferrochrome industry

In order to protect the ferrochrome industry, the finance and trade and industry ministers want to impose a 25% tax on exports of chromite, an unprocessed mineral.

South Africa
ANC economic liberals want to appoint Nhlanhla Nene as head of revenue service

Several influential people in the business sphere are engaging in efforts to propel former finance minister, Nhlanhla Nene, to the head of the South African Revenue Service

South Africa
Main banking lobby protests against government cacophony on customs tariffs

At the Banking Association of South Africa AGM, the CEO of Standard Bank has called on politicians to stop giving conflicting economic messages.

South Africa
South African tax chief set to step down

Head of the South African tax authority, Edward Kieswetter's days are numbered. He is negotiating his departure with Minister of Finance Enoch Godongwana and President Cyril Ramaphosa.

South Africa
Despite Africa Finance Corp's advances, Pretoria refuses membership

Although the object of several years of intense lobbying, South Africa is reluctant to become the 46th African member of AFC. The financial institution is nevertheless multiplying its initiatives and projects.

South Africa
Finance minister mulls resignation over contested VAT hike

Enoch Godongwana of the African National Congress is under pressure after the Democratic Alliance, the ANC’s most important partner in the government of national unity, rejected his budget on 19 February.

The New Guard
Ghana, South Africa, Algeria

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

GhanaJohn Abdulai Jinapor, the new oil expert

South AfricaAshor Sarupen, a cooperative deputy finance minister

AlgeriaHabib Brahmia, a crestfallen opponent