Cosatu wants Mboweni to take his own advice and retire | Fin24
to replace Nhlanhla Nene as finance minister, the Congress of South African Trade Unions made it clear it should only be a transitional move, Michael Shingange, Cosatu’s first deputy president, said on Tuesday in an interview in Bloomberg’s Johannesburg office.
“This is a man who says people who are 55 years old must retire because they are too old,” Shingange said. “It would be a huge shock for us if Tito Mboweni was to avail himself to be the minister of finance,” after the May election, and that is something Cosatu would oppose, he said.Cosatu’s problem with Mboweni, who turned 60 last month, is not only his age - given that the powerful labour federation helped Cyril Ramaphosa, 66, take over the presidency.
“We have to weigh the irritations of Tito Mboweni and Pravin Gordhan against the progress we have made and the access we have to the ruling party in terms of influencing the policy direction,” Shingange said.
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