Independent Economist Bonke Dumisa has welcomed the reappointment of South Africa's Finance Minister Enoch Godongwana to the new Government of National Unity (GNU) unveiled by President Cyril Ramaphosa.

According to Bonke, the establishment of a GNU also offers reassurance to investors who were worried about the nature of government that would emerge after the May elections.

Dumisa believes that understanding the potential consequences of remaining on the Financial Action Task Force's grey list for an extended period could shed light on how it affects investor confidence, foreign direct investment, and overall economic stability.

Channel Africa business reporter Innocent Semosa spoke to Dumisa about the potential economic impacts South Africa could face if it fails to exit the grey list by June 2025.

Independent Economist Bonke Dumisa has welcomed the reappointment of South Africa's Finance Minister Enoch Godongwana to the new Government of National Unity (GNU) unveiled by President Cyril Ramaphosa.
According to Bonke, the establishment of a GNU also offers reassurance to investors who were worried about the nature of government that would emerge after the May elections.
Dumisa believes that understanding the potential consequences of remaining on the Financial Action Task Force's grey list for an extended period could shed light on how it affects investor confidence, foreign direct investment, and overall economic stability.
Channel Africa business reporter Innocent Semosa spoke to Dumisa about the potential economic impacts South Africa could face if it fails to exit the grey list by June 2025.

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