Who will fill Ramaphosa's cabinet?

Following President Sir Ramaphosa's inauguration for his second term, the focus shifts to the formation of his cabinet. Speculation is rife about who will be selected to drive South Africa's policies for the next five years. The process of composing the cabinet is expected to be more intricate this time around as the ANC no longer has a majority and needs to negotiate with other major parties. The discussions around the cabinet composition are crucial not only for the markets but also for the South African economy. Azar Jammine, Director & Chief Economist at Econometrix, and Ongama Mtimka, Political Analyst, discussed the challenges and considerations faced by President Ramaphosa in forming his cabinet. Jammine highlighted the need for unity, consensus, and partnership in addressing key structural weaknesses in the economy such as electricity supply, logistics bottlenecks, and crime and corruption. He emphasized the importance of collaboration with the private sector to drive economic growth. Mtimka pointed out the delicate balance President Ramaphosa must strike in demonstrating autonomy while managing internal political stakeholder tensions. The government of national unity poses a significant test for the president in selecting individuals who can bridge the gap between the ANC and its alliance partners while accommodating new coalition partners. The key portfolios to watch in the cabinet formation process include the Ministry of Finance, Trade, and Industry, and other economic clusters. Jammine expressed confidence in Enoch Godongwana's leadership at the National Treasury, citing his ability to restore stability and fiscal austerity. However, the Ministry of Trade and Industry might see contention between the DA and the tripartite alliance partners due to differing views on trade policy and industrialization. Discussions also revolved around potential compromises and deputy ministerial roles. While Godongwana's position is likely safe for continuity and stability, there could be room for introducing opposition party members in deputy minister roles to broaden representation. The focus on maintaining the balance of power within the ANC while accommodating coalition partners is crucial in the cabinet formation process. The intricate dance of political negotiations and strategic compromises will shape the composition of President Ramaphosa's cabinet. As South Africa navigates its second term under new political dynamics, the selection of key individuals to lead economic clusters will be closely monitored. The success of the government of national unity hinges on the ability to foster collaboration, drive economic growth, and address pressing structural challenges. The anticipation mounts as the announcement of the cabinet draws near, signaling a new chapter in South Africa's political landscape.