Ramaphosa promises overhaul of South Africa’s economy

South Africa’s new deputy finance minister took a tough stance on corruption under former president Jacob Zuma – now Mondli Gungubele talks to Euromoney about the embarrassing Zuma years and the Ramaphosa government’s plans to turn the economy around.

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Mondli Gungubele

Mondli Gungubele knows what it is like to take a stand against corruption at the highest level, which might explain why president Cyril Ramaphosa made him deputy finance minister.

In July last year, Gungubele said he would back a motion of no confidence against Jacob Zuma, whose years as president of the African National Congress (ANC) and South Africa were plagued by scandal and corruption, including allegations that a wealthy family from India used their links to the president to influence government decisions and the awarding of tenders.

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