ShapeShifter

The life and times of former Minister of Finance Nhlanhla Nene

My dad was a teacher and my mother was a nurse.

Nhlanhla Nene

It [faith] is the anchor of my life...

Nhlanhla Nene

You could see it [his removal as Finance Minister] coming. So I was ready for it…

Nhlanhla Nene

When President Jacob Zuma fired former Minister of Finance Nhlanhla Nene on 9 December 2015, it heralded the start of instability never before seen in democratic South Africa.

The rand plummeted, and kept on falling, until the re-appointment of Pravin Gordhan as Finance Minister a few days later.

The FTSE/JSE financial 15 index plummeted by 13.36% while the FTSE/JSE banks index lost 18.54%.

Before the dust settled, R169.6 billion of value was wiped from the JSE.

The Money Show’s Bruce Whitfield interviewed Nene for this weekly “ShapeShifter” feature.

Nene discussed his life growing up and his eventful career.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I’m aging in style!

Nhlanhla Nene

Perhaps it takes reaching the bottom to be able to pick up the pieces.

Nhlanhla Nene

This is the first time we have an Eskom board endorsed by the entire nation.

Nhlanhla Nene

I was humbled by the reaction of South Africans on that day [when he got fired as Finance Minister]...

Nhlanhla Nene

We still have that wealth of integrity [at Treasury]… there is some erosion… but it would take a lot of doing to dismantle the institution that was built over many years…

Nhlanhla Nene

It [Kranskop, KZN] is home.

Nhlanhla Nene

I went to Parliament in 1999.

Nhlanhla Nene

All my tertiary studies was done while I was already in Parliament.

Nhlanhla Nene

I was truly grateful for the opportunity to serve South Africa.

Nhlanhla Nene

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : The life and times of former Minister of Finance Nhlanhla Nene


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How ‘Hippo Roller’ eased a burden and became a phenomenon

How ‘Hippo Roller’ eased a burden and became a phenomenon

The Money Show’s Bruce Whitfield interviews Hippo Water Roller Project CEO Grant Gibbs.

JoJo - struggling to keep up with demand - now has a turnover of R600 million

JoJo - struggling to keep up with demand - now has a turnover of R600 million

The JoJo brand has entrenched itself in the psyche of South Africans. Bruce Whitfield interviews its MD, Grant Neser.

How recoiling in horror at price of strollers led to wildly successful NulaBaby

How recoiling in horror at price of strollers led to wildly successful NulaBaby

Tatum Billson brought one – then 50 – strollers from abroad, and sold them all before they arrived. Bruce Whitfield speaks to her.

We need a black-owned, black-run bank - Kganki Matabane (Black Business Council)

We need a black-owned, black-run bank - Kganki Matabane (Black Business Council)

Kganki Matabane joined the BBC in December 2017. The Money Show’s Bruce Whitfield interviews him.

You can definitely teach creativity! – Rob Stokes (Red and Yellow )

You can definitely teach creativity! – Rob Stokes (Red and Yellow )

The Money Show’s Bruce Whitfield interviews Red and Yellow Creative School of Business Chairperson Rob Stokes.

Beat sleep with caffeinated chocolate (best thing since caffeine and chocolate)

Beat sleep with caffeinated chocolate (best thing since caffeine and chocolate)

The Money Show’s Bruce Whitfield interviews Zang Chocolate cofounders Jethro Braun and Brett Horwitz.

Popular articles
Convicted murderers of Winnie Rust went on a shopping spree using her bank cards

Convicted murderers of Winnie Rust went on a shopping spree using her bank cards

EWN reporter Shamiela Fisher says 77-year-old Rust took care of one of the accused and supported him and his family financially.

Journos join the dots: Estina suspects, 'Zupta empire' and state capture in SA

Journos join the dots: Estina suspects, 'Zupta empire' and state capture in SA

Senior investigative journos unravel the Estina Dairy Farm scandal and how the suspects fit into the bigger state capture project.

Ramaphosa gets Presidency off on the right foot

Ramaphosa gets Presidency off on the right foot

The President met with the people of Cape Town while on a 5 kilometre morning walk from Gugulethu to Athlone.

Political Desk: Shivambu and Malema have become excellent narrators- Haffajee

Political Desk: Shivambu and Malema have become excellent narrators- Haffajee

Huffington Post editor in chief shares her view on the SONA debate with Bongani Bingwa.