FINANCE MINISTER FLEXES GROWING POLITICAL POWER WITH RAMAPHOSA’S BACKING

Changed South Africa’s inflation target — the first finance minister in 25 years to do so

Steered a national Budget through a coalition government — another first in democratic SA

Withheld municipalities’ equitable share funding at an unprecedented scale — a major show of fiscal authority.

Removed Deputy Finance Minister David Masondo as chair of the Public Investment Corporation (PIC) — despite Masondo remaining in his post, signalling Godongwana’s rising influence.

Acted with clear backing from President Cyril Ramaphosa, including reports that Ramaphosa ordered Masondo to resign or face dismissal.

These moves collectively show Godongwana consolidating power over fiscal policy and key institutions, with strong presidential support reinforcing his position.

This article is adapted from MSN News reporting, with full credit to the original writers. Jozi Captions provides summaries and contextual analysis for our readers.