# Horse-trading and compromises: Ramaphosa’s realpolitik Cabinet

> President Ramaphosa named Tito Mboweni as Finance Minister and kept Pravin Gordhan at Public Enterprises in a 28-ministry cabinet announced on 29 May. The rand rose after the appointments ended a delay that had weighed on markets.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59385-horse-trading-and-compromises-ramaphosa-s-realpolitik-cabinet
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A reassuring finance appointment supports the rand, which lowers the local cost of imported feed. Market impact is mainly through currency and investor sentiment.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- dailymaverick.co.za: https://www.dailymaverick.co.za/article/2019-05-30-horse-trading-and-compromises-ramaphosas-realpolitik-cabinet/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.