Mboweni's appointment affecting markets positively

South Africa's President Cyril Ramaphosa congratulates newly appointed Finance Minister TitoMboweni in Cape Town, South Africa, October 9, 2018. 

South Africa's President Cyril Ramaphosa congratulates newly appointed Finance Minister TitoMboweni in Cape Town, South Africa, October 9, 2018. 

Reuters

JOHANNESBURG - Markets have responded swiftly to the appointment of new Finance Minister Tito Mboweni.

Mboweni takes over from Nhlanhla Nene.

READ: Positive response to Mboweni's appointment

The new minister is expected to deliver the medium-term budget in two weeks.

eNCA Business reporter, Devan Murugan is at the Johannesburg Stock Exchange with more.