SABC News - Newly appointed ministers sworn in :Friday 31 March 2017

Newly appointed ministers sworn in

Friday 31 March 2017 21:02

SABC

Ayanda Dlodlo was sworn in as the new Minister of Communications in Pretoria. (SABC)

Newly appointed cabinet ministers and deputy ministers have officially been sworn in at a ceremony in Pretoria on Friday.

President Jacob Zuma announced a sudden cabinet reshuffle on Thursday night, sacking Pravin Gordhan and his deputy Mcebisi Jonas from the Finance portfolio.

Five ministers were fired and six new deputy ministers were named.




There have been mixed reactions to the cabinet reshuffling from business and labour organisations.

Most are expressing concern that the recent developments will further weaken investor confidence and have dire consequences for the economy, Others have expressed anger, while others need clarity on the way forward and others have been more supportive of the move.

Business organistion SACCI has called on government to communicate further on the cabinet reshuffle to manage the sensitivities that impact South Africa's risk profile on international markets.

SACCI says if information is not forthcoming, investors will speculate and make up their own minds about what is happening.

The organisation says government together with business, representatives of labour and civil society should get back to the investment road show in an effort to calm the markets and to build investor confidence.

Business organisation NAFCOC released a statement affirming its support for government.

NAFCOC's president Lawrence Mavundla says he believes the newly appointed ministers and their deputies have experience in politics and in government.

The Black Business Council has thanked the outgoing ministers for their service to the nation and wished the best to the new ones.

They are calling for business to work together to engage the tough head winds the economy is facing in a bid to improve business confidence and navigate fiscal constraints.

The Chamber of Mines says it's seriously concerned about the dismissal of the Finance Minister and says the move can only be described as bizarre and difficult to understand.

The organisation says the timing when South Africa's sovereign credit rating is at risk and investor confidence in the economy is very low is more worrying.  

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