The ANC insider said Mabuza did not want to be seen to defy the wishes of his province, said to want to start a new life without Mabuza, who has had a firm grip over Mpumalanga since 2008. The president said all ministries and departments will be retained until a review of them is done.
His previous term at the Treasury was from May 2014 until 9 December 2015, when he was sacked by then-President Jacob Zuma, a move that saw an angry reaction in financial circles.
Pravin Gordhan, former Finance Minister was assigned to the Public Enterprises Minister which is facing governance challenges. Cabinet veteran Jeff Radebe, who has been in the executive since 1994, becomes the new minister of energy, another veteran Lindiwe Sisulu, who was touted among candidates for deputy president of the republic becomes global relations and cooperation minister.
Nomvula Mokonyane moves away from Water Affairs and into the Communications portfolio.More news: Japan: police finds missing woman's detached head
"No one, with the best interests of South Africa could have Malusi Gigaba (former finance minister) remain in cabinet as Home Affairs Minister and Bathabile Dlamini (former social development minister) as Minister in the Presidency - Women Affairs", Ndlozi said.
Ramaphosa took over the presidency from Jacob Zuma on February 15‚ and he was expected to replace members of Zuma's executive with his own.
Mining, which is vital to South Africa's economy, received a new minister - Gwede Mantashe - who was eagerly welcomed by the industry.
Speaking to eNCA journalist Annika Larsen outside the Old Assembly chamber yesterday morning, shortly before addressing the House of Traditional Leaders, President Ramaphosa claimed he did not have to compromise on its composition.More news: Jonathan Martin being held in mental health facility after threatening post
Monday's cabinet reshuffle also saw Ramaphosa add new faces and remove some ministers allied to Zuma, who was ordered by his own African National Congress party to step down two weeks ago. The daughter of the late ANC luminary Walter Sisulu, who was imprisoned with Nelson Mandela, she trained as a teacher and previously served as minister of defense and military veterans, intelligence and public service and administration.
The South African Communist Party general secretary Blade Nzimande was also appointed Transport Minister.
It is rumoured that Mabuza will shortly be appointed the country's new deputy president.
The ANC was having internal problems as was evident from what Ramaphosa said at the 54th session of the ANC held in December, last year.More news: Standard Life Aberdeen's Skeoch lands $4.2 mln jackpot in 2017