Use our pull-down menus to find more stories
  


OR subscribers use AllAfrica's premium search engine


Click here to read or make comments on this topic »

South Africa: Erwin Quit Shock - No Fallout With Manuel


Business Day (Johannesburg)
 

Email This Page

Print This Page

Comment on this article

View comments

Business Day (Johannesburg)

19 May 2008
Posted to the web 19 May 2008

Michael Bleby
Johannesburg

PUBLIC Enterprises Minister Alec Erwin said yesterday he would retire after the elections next year, becoming the first high-profile member of the state's economics management team to indicate he will not be serving under a post-President Thabo Mbeki government.

Erwin's spokeswoman, Vimla Maistry, last night confirmed he would step down. "The minister would like to confirm that he would not be serving another term. His decision was taken long before the change in African National Congress leadership," she said.

Erwin is seen as a member of Mbeki's inner circle. His departure will raise a question mark over the future of other leading members of the economics "dream team", especially Finance Minister Trevor Manuel.

His decision comes after a report in the Sunday Times yesterday of a clash between him and Manuel over a proposed funding model for state-owned enterprises.

Last week, in his budget vote speech in Parliament, Erwin sketched an ambitious programme for state-owned enterprises in the future, and suggested their funding be dealt with separately from established t reasury practice for funding state-owned enterprises.

According to the Sunday Times, Manuel had rejected Erwin's funding idea, leading to a rift between the two men.

Erwin has dismissed the report, saying there was consensus within the government over how state-owned companies should be run.

Presidential spokesman Mukoni Ratshitanga, when asked last night about Erwin's decision, said: "Why should the president be aware of somebody's personal position? It is not of importance to us.

"Will this president be making cabinet appointments next year? If you view it that way, we have got to conclude that you want to invent scarecrows."

Relevant Links

Erwin has been one of the key architects of the government's economic policies, serving in deputy and cabinet posts since 1994. With Bloomberg


Read comments. Write your own.
Author: Think about it

Not as bad or as stupid as he is often made out to be,but definitly to much of a communist.For this reason alone I will not shed a tear for him.


AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

 
Share this on:
Facebook
Digg
Del.icio.us
StumbleUpon
Muti


Copyright © 2008 Business Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here.

Make allAfrica.com your home page | RSS Feed

Top | Site Guide | Who We Are | Advertising | Search | Subscribe

Questions or Comments? Contact us. Read our Privacy Statement.

HOME
allAfrica.com


Relevant Links




Investors Panic As Oil Falls Below $78
$20 Billion Capital Fleeing Continent Yearly - Report
Banks Warn On Mobile Money Transfers
Senators, Reps' Disagreement Delays Yar'Adua
Power Sector - AC Asks Yar'Adua to Probe Obasanjo