Source: Reuters
Attention in South Africa turned on Sunday to the make up of president-to-be Jacob Zuma’s cabinet and media tipped respected Finance Minister Trevor Manuel to head a powerful new government oversight body.
The fate of Manuel is key for markets, keen he stays on with a strong role after the sweeping election victory of the African National Congress because of his record on keeping spending in check and maintaining financial stability.
The Sunday Independent said Zuma was likely to keep Manuel in the cabinet to reassure markets, at a time South Africa faces its first recession in 17 years, but also said he could be given the powerful Central Planning Commission portfolio.
Who will Zuma choose?
