S.A. Pres. Ramaphosa Announces Sweeping Cabinet Changes

Cyril Ramaphosa has reshuffled his cabinet, replacing previous ministers with loyalists from the ANC, including key appointments like David Mabuza as deputy president. The Rand surged following these announcements. The reshuffle aims to restore confidence in South Africa's economy by appointing trusted personnel to key sectors. Ramaphosa's strategy also includes unifying the ANC by including his challenger in the cabinet. The market has reacted positively, with the Rand reaching a three-year high. However, ratings agencies remain cautious, awaiting tangible reforms.

What was one of the key outcomes following Cyril Ramaphosa's cabinet announcements?

• The Rand fell to a three-year low.

• The Rand experienced a minor dip.

• The Rand surged to a three-year high.

• The Rand remained unchanged.

Who was appointed as the deputy president in Cyril Ramaphosa's new cabinet?

• Pravin Gordhan

• David Mabuza

• Monticue Bella

• Jacob Zuma

What is the significance of appointing trusted personnel in key sectors of South Africa's economy?

• It aims to improve governance and stability.

• It is expected to destabilize the economy.

• It is intended to reduce foreign investments.

• It will likely lead to increased corruption.

Why did Cyril Ramaphosa include his ANC challenger in the cabinet?

• To weaken the opposition party.

• To reduce the number of cabinet members.

• To unify the ruling party.

• To increase his personal power.

How did the market react to Cyril Ramaphosa's cabinet changes?

• The market experienced a significant downturn.

• The market reacted with cautious optimism.

• The market remained indifferent.

• The market showed a negative reaction.