Economics
South Africa's Mboweni Urged to Take His Own Advice and Retire
- Mboweni as finance minister was temporary move, Cosatu says
- Labor group opposes plans to split Eskom and cut state jobs
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South Africa’s largest labor federation wants Finance Minister Tito Mboweni to practise what he preaches and retire. That may not be because he’s too old, but rather that they just don’t like him.
When Mboweni was appointed in October to replace Nhlanhla Nene as finance minister, the Congress of South African Trade Unions made it clear it should only be a transitional move, Michael Shingange, Cosatu’s first deputy president, said on Tuesday in an interview in Bloomberg’s Johannesburg office.