By Azania Post Reporter
The new South African President Cyril Ramaphosa has announced his cabinet, reappointing Nhlanhla Nene as finance minister.
Nhlanhla Nene was previously sacked by the former president Jacob Zuma.
Zuma was forced to resign by his own party, the National African Congress (ANC) giving room for the election of Ramaphosa.
According to BBC, president Ramaphosa said he has considered balancing continuity and stability with the need for renewal, economic recovery and acceleration transformation when making the changes of the cabinet.
The South African President made the announcement of the appointments in Pretoria on Monday night of which many of the ministers who served in former president Zuma were maintained.
According to the BBC, the appointed minister include David Mabuzza, the deputy president of the African National Congress (ANC) ruling party, who has been named Deputy President of South Africa.
Mr. Zuma's ex-wife Nkosazana Dlamini-Zuma, who Mr. Ramaphosa beat in December's ANC leadership election, was appointed a minister to the presidency (Planning, Monitoring, and Evaluation).
It is said the return of the former Finance minister Nhlanhla who was fired by Zuma in December 2015 has made headlines in many media and social media in the country. The sacking was widely criticised, sparking panic among investors and causing the Rand to fall to record lows against the Dollar.
Mr. Ramaphosa, a 65-year-old former businessman, dedicated much of his first State of the Nation address earlier this month promising to fight corruption, boost the economy and create jobs.