Live Wire
08:58ZTHECRADLEMResistance explosive device kills invading Israeli soldier, wounds seven officers and troops in south Lebanon…08:58ZTHECRADLEMResistance explosive device kills invading Israeli soldier, wounds seven officers and troops in south Lebanon…08:56ZPRESSTVConcordia University in Canada expelled a student and barred her from completing the graduation ceremony afte…08:55ZHONGKONGFPHong Kong to relax rules on leasing subsidised flatshttps://hongkongfp.com/2026/06/18/hong-kong-to-relax-rule…08:54ZSTANDARDKECOFEK files court challenge to block08:53ZIRNAENIran, Oman foreign ministers discuss regional diplomatic efforts in Tehran08:53ZJAHANTASNIThe Israel severed relations with the foreign policy official of the European Union. The Minister of Foreign…08:53ZALALAMARABUrgent ⭕️ Haaretz from an opinion poll: 57% of young Republicans have a negative view of “Israel” compared to…
Markets
S&P 500745.21 0.83%Nasdaq26,022 1.34%Nasdaq 10029,671 0.99%Dow517.24 0.46%Nikkei96 1.64%China 5033.32 0.98%Europe88.26 0.26%DAX40.91 1.09%BTC$64,297 0.99%ETH$1,744 1.28%BNB$590.89 1.87%XRP$1.18 1.66%SOL$71.78 0.82%TRX$0.321 0.70%HYPE$71.86 0.84%DOGE$0.085 1.20%RAIN$0.0145 3.39%LEO$9.61 0.85%QQQ$732.96 1.45%VOO$686.93 0.81%VTI$369.17 0.93%IWM$292.49 0.90%ARKK$80 1.92%HYG$79.75 0.03%Gold$391.67 0.79%Silver$61.66 1.73%WTI Crude$112.12 1.85%Brent$42.89 1.38%Nat Gas$11.5 0.61%Copper$38.89 0.65%EUR/USD1.1591 0.00%GBP/USD1.3406 0.00%USD/JPY160.31 0.00%USD/CNY6.7595 0.00%
CLOSEDNYSEopens in 4h 23m
The Monexus
Vol. I · No. 169
Thursday, 18 June 2026
Saturday Ed.
Updated 09:06 UTC
  • UTC09:06
  • EDT05:06
  • GMT10:06
  • CET11:06
  • JST18:06
  • HKT17:06
← The MonexusAfrica

Ramaphosa Announces Cabinet Reshuffle, Moves Economic Ministers

The President has moved three key economic ministers in a reshuffle that signals a renewed focus on growth and investment.

The President has moved three key economic ministers in a reshuffle that signals a renewed focus on growth and investment. The Guardian / Photography

President Cyril Ramaphosa has announced a cabinet reshuffle affecting six portfolios, with the most significant moves in the economic cluster.

Trade, Industry and Competition Minister Parks Tau moves to Mineral and Petroleum Resources, replacing Gwede Mantashe who will take up a senior ANC position full-time. Deputy Finance Minister David Masondo is promoted to the Trade, Industry and Competition portfolio.

The reshuffle, which takes effect immediately, is being interpreted by analysts as a signal that Ramaphosa is prioritizing implementation of the Operation Vulindlela economic reforms ahead of the 2026 local government elections.

© 2026 Monexus Media · reported from the wire