Johannesburg – Enoch Godondwana will replace Mboweni as Finance Minister.
He comes in at a time when the country is desperate to grow its limping economy, curb debt levels and create jobs.
President Cyril Ramaphosa accepted a long-standing request by Minister Tito Mboweni to be excused from his position as Minister of Finance.
The president announced new ministerial positions and a restructured national executive on Thursday.
