Dr Kgosientsho Ramokgopa. Photo Reuters
Dr Kgosientsho Ramokgopa. Photo Reuters

Ramaphosa appoints Ramakgopa as acting finance minister

South Africa’s president appointed Kgosientsho Ramokgopa as acting finance minister, while Enoch Godongwana takes leave.

Ramokgopa, appointed in March as the nation’s energy czar to end the nation’s electricity crisis, took up the acting finance minister role on Monday, Vincent Magwenya, spokesperson for President Cyril Ramaphosa, said by text message yesterday.

"It is normal for ministers to act on behalf of their counterparts," Magwenya said.

Godongwana is currently on leave after presenting the medium-term budget policy statement earlier this month, the National Treasury said in an emailed response to questions. Ramokgopa will serve in the acting capacity until 22 November, it said.

Godongwana plans to attend the Group of 20 Africa Compact meeting in Berlin next week, the Treasury said. – Fin24/Bloomberg

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Namibian Sun 2024-09-20

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LaLiga: Leganés 0 vs 2 Athletic Club | Real Betis 2 vs 1 Getafe | Mallorca 1 vs 0 Real Sociedad Katima Mulilo: 25° | 39° Rundu: 20° | 39° Eenhana: 17° | 36° Oshakati: 15° | 34° Ruacana: 16° | 35° Tsumeb: 19° | 34° Otjiwarongo: 13° | 32° Omaruru: 14° | 32° Windhoek: 11° | 28° Gobabis: 9° | 30° Henties Bay: 11° | 18° Wind speed: 22km/h, Wind direction: W, Low tide: 06:23, High tide: 12:53, Low Tide: 19:02, High tide: 01:16 Swakopmund: 12° | 14° Wind speed: 22km/h, Wind direction: NW, Low tide: 06:21, High tide: 12:51, Low Tide: 19:00, High tide: 01:14 Walvis Bay: 11° | 17° Wind speed: 23km/h, Wind direction: N, Low tide: 06:21, High tide: 12:50, Low Tide: 19:00, High tide: 01:13 Rehoboth: 7° | 29° Mariental: 7° | 26° Keetmanshoop: 6° | 24° Aranos: 6° | 27° Lüderitz: 14° | 27° Ariamsvlei: 6° | 23° Oranjemund: 15° | 30° Luanda: 22° | 24° Gaborone: 11° | 17° Lubumbashi: 18° | 36° Mbabane: 8° | 9° Maseru: 3° | 13° Antananarivo: 11° | 28° Lilongwe: 21° | 31° Maputo: 14° | 15° Windhoek: 11° | 28° Cape Town: 10° | 21° Durban: 13° | 14° Johannesburg: 7° | 9° Dar es Salaam: 23° | 29° Lusaka: 21° | 34° Harare: 17° | 30° Currency: GBP to NAD 23.25 | EUR to NAD 19.54 | CNY to NAD 2.48 | USD to NAD 17.5 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.17 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.87 | USD to AOA 927.77 | USD to BWP 13.17 | USD to EGP 48.48 | USD to KES 128.48 | USD to NGN 1593.37 | USD to ZAR 17.47 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1831.97 Down -0.38% | Casablanca Stock Exchange (CSE) MASI 14184.33 Up +0.68% | Egyptian Exchange (EGX) 30 Index 30937.69 Up +1.96% | Botswana Stock Exchange (BSE) DCI 9651.25 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 622.51/OZ UP +1.36% | Copper US$ 4.31/lb DOWN -0.0025 | Zinc US$ 2 887.40/T DOWN -1.69% | Brent Crude Oil US$ 74.71/BBP DOWN -0.0024 | Platinum US$ 977.75/OZ DOWN -0.005 Sport results: LaLiga: Leganés 0 vs 2 Athletic Club | Real Betis 2 vs 1 Getafe | Mallorca 1 vs 0 Real Sociedad Weather: Katima Mulilo: 25° | 39° Rundu: 20° | 39° Eenhana: 17° | 36° Oshakati: 15° | 34° Ruacana: 16° | 35° Tsumeb: 19° | 34° Otjiwarongo: 13° | 32° Omaruru: 14° | 32° Windhoek: 11° | 28° Gobabis: 9° | 30° Henties Bay: 11° | 18° Wind speed: 22km/h, Wind direction: W, Low tide: 06:23, High tide: 12:53, Low Tide: 19:02, High tide: 01:16 Swakopmund: 12° | 14° Wind speed: 22km/h, Wind direction: NW, Low tide: 06:21, High tide: 12:51, Low Tide: 19:00, High tide: 01:14 Walvis Bay: 11° | 17° Wind speed: 23km/h, Wind direction: N, Low tide: 06:21, High tide: 12:50, Low Tide: 19:00, High tide: 01:13 Rehoboth: 7° | 29° Mariental: 7° | 26° Keetmanshoop: 6° | 24° Aranos: 6° | 27° Lüderitz: 14° | 27° Ariamsvlei: 6° | 23° Oranjemund: 15° | 30° Luanda: 22° | 24° Gaborone: 11° | 17° Lubumbashi: 18° | 36° Mbabane: 8° | 9° Maseru: 3° | 13° Antananarivo: 11° | 28° Lilongwe: 21° | 31° Maputo: 14° | 15° Windhoek: 11° | 28° Cape Town: 10° | 21° Durban: 13° | 14° Johannesburg: 7° | 9° Dar es Salaam: 23° | 29° Lusaka: 21° | 34° Harare: 17° | 30° Economic Indicators: Currency: GBP to NAD 23.25 | EUR to NAD 19.54 | CNY to NAD 2.48 | USD to NAD 17.5 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.17 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.87 | USD to AOA 927.77 | USD to BWP 13.17 | USD to EGP 48.48 | USD to KES 128.48 | USD to NGN 1593.37 | USD to ZAR 17.47 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1831.97 Down -0.38% | Casablanca Stock Exchange (CSE) MASI 14184.33 Up +0.68% | Egyptian Exchange (EGX) 30 Index 30937.69 Up +1.96% | Botswana Stock Exchange (BSE) DCI 9651.25 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 622.51/OZ UP +1.36% | Copper US$ 4.31/lb DOWN -0.0025 | Zinc US$ 2 887.40/T DOWN -1.69% | Brent Crude Oil US$ 74.71/BBP DOWN -0.0024 | Platinum US$ 977.75/OZ DOWN -0.005