• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 27, 2025

    Featured image for article about Headlines

    JOHANNESBURG (Reuters) -South African President Cyril Ramaphosa said on Friday he expected his party's main coalition partner, the Democratic Alliance (DA), to propose a replacement for the DA deputy trade minister he fired earlier this week.

    Ramaphosa's decision to sack Andrew Whitfield over an unauthorised trip to the United States drew an angry response from the DA on Thursday, the latest public spat between the two biggest parties in the multi-party government.

    The president said in a statement that Whitfield had violated established practice for members of the national executive.

    "Prior to the removal of Mr Whitfield, I informed Minister John Steenhuisen as the leader of the Democratic Alliance... and (told Steenhuisen) that I expect him to present to me for approval a replacement," Ramaphosa said.

    The DA has called a press conference for Saturday to say what it will do next.

    Political and financial analysts expect the Government of National Unity coalition to hold, despite the often-fractious relationship between Ramaphosa's African National Congress (ANC) and the DA.

    The former liberation movement and the pro-business DA are far apart ideologically and have clashed over this year's budget and policies to address racial inequality.

    But the ANC needs the support of at least one other big party to pass legislation, and the DA wants to show voters it can make a difference in the cabinet portfolios it secured by teaming up with the ANC.

    Steenhuisen gave a speech in parliament on Thursday calling on Ramaphosa to fire corruption-implicated ANC officials in his cabinet instead of removing Whitfield, threatening unspecified consequences if Ramaphosa did not do so.

    Ramaphosa said on Friday he would not yield to threats.

    (Reporting by Sfundo Parakozov and Alessandro Parodi;Editing by Alexander Winning and Gareth Jones)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe