Last night President Cyril Ramaphosa reshuffled his cabinet which brought in the head of the ANC’s economic transformation committee, Enoch Godongwana, as South Africa’s new finance minister. Intellidex analyst Peter Attard Montalto says that in the grander scheme of things on the ANC spectrum, Godongwana is certainly close to Tito but to the left of him. Attard Montalto does not expect a new change in fiscal policy, though we are likely to see continued slippage under Godongwana’s leadership.

Read more here.