Financial Times FT.com

South African election

ANC set to retain finance minister

By Richard Lapper and Tom Burgis in Johannesburg

Published: April 20 2009 18:42 | Last updated: April 20 2009 18:42

Trevor Manuel, South Africa’s long-serving and internationally respected finance minister, is poised to retain a cabinet seat if – as seems certain – the African National Congress wins Wednesday’s elections, according to government officials and businessmen close to the ruling party.

Mr Manuel has in the past been criticised by leftwing trades unionists and economists close to Jacob Zuma, the party’s presidential candidate, and many market analysts had expected him to leave the government.

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