Finance

Godongwana wants to stay on as Finance Minister

Enoch Godongwana

South African Finance Minister Enoch Godongwana said he is prepared to stay in his current role after the election and urged the country to choose stability over “chaos” by voting for the ANC.

“If I am asked to serve, I will serve,” he said Tuesday in an interview on Bloomberg Television with Jennifer Zabasajja. “What these elections are about — are about stability and chaos — and the ANC provides that stability.”

South Africans vote on Wednesday, with Godongwana’s ruling ANC facing its toughest election fight since taking power in 1994.

Opinion polls show ANC support dipping below 50%, which would force it into a coalition with a smaller rival.

But recent rand strength suggests investors see it doing well enough to form a government without hooking up with parties to its left, which could push the country in a more populist and less market-friendly direction.

Godongwana voiced confidence that the party will get over the line.

“The ANC is working on the assumption that we’re going to have 50 plus one.”

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