[WATCH] President accepts Nene resignation - Mboweni appointed finance minister

President Cyril Ramaphosa has confirmed that he has accepted Nhlanhla Nene's request to be relieved of his duties.

There have been mounting calls for Nene to resign after he admitted at the state capture inquiry that he DID meet with the Guptas on several occasions at their Saxonwold home.

Ramaphosa confirmed that former Reserve Bank governor Tito Mboweni is set to replace Nhlanhla Nene as Finance Minister with immediate effect.

READ: Pressure mounts for Nene to step down, but is it good for the economy?

After due consideration of the evidence presented by Minister Nene at the Commission, and in the interests of good governance, I have decided to accept his resignation.

President Cyril Ramaphosa

Ramaphosa has thanked Nene for his time in the ministry.

During his tenure as Minister of Finance, Mr Nene served the people and government of South Africa with diligence and ability.

President Cyril Ramaphosa

Under difficult circumstances and often under great pressure, he consistently defended the cause of proper financial management and clean governance.

President Cyril Ramaphosa

It is a measure of his character and his commitment to the national interest that he has taken this decision to resign in the wake of errors of judgment, even though he has not been implicated in acts of wrongdoing.

President Cyril Ramaphosa

WATCH: President Ramaphosa makes announcement on Nene's future


This article first appeared on 702 : [WATCH] President accepts Nene resignation - Mboweni appointed finance minister


Recommended

by NEWSROOM AI
Read More
Pule Mabe to return to work after being cleared of sexual harassment allegations

Pule Mabe to return to work after being cleared of sexual harassment allegations

Last year, Mabe took special leave after his former personal assistant claimed he harassed her on three different occasions.

[LISTEN] Plowing money into ailing SOEs won't solve the problem - Cas Coovadia

[LISTEN] Plowing money into ailing SOEs won't solve the problem - Cas Coovadia

Cooovadia says some hard decisions need to be made to boost confidence in the economy.

Keeping Nene as finance minister is the right economic decision - economist

Keeping Nene as finance minister is the right economic decision - economist

However, Cosatu has joined the EFF in calling for Nhlanhla Nene to step aside and allow the country to rebuild its economy.

'I have no sympathy for Nhlanhla Nene, he knew exactly what he was doing'

'I have no sympathy for Nhlanhla Nene, he knew exactly what he was doing'

Callers on the Eusebius McKaiser Show reflect on Finance Minister Nhlanhla Nene's testimony at the Zondo Commision.

Pressure mounts for Nene to step down, but is it good for the economy?

Pressure mounts for Nene to step down, but is it good for the economy?

Political Economist Siya Biniza says the biggest challenge is that Nene is scheduled to be giving the mid-term budget speech.

If Nhlanhla Nene survives this then the Pope is not Catholic - political analyst

If Nhlanhla Nene survives this then the Pope is not Catholic - political analyst

Rumour has it that Finance Minister Nhlanhla Nene has asked president Cyril Ramaphosa to relieve him of his duties.

Popular articles
DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

'Bring back skilled engineers to Eskom' - Solidarity

'Bring back skilled engineers to Eskom' - Solidarity

Trade Union Solidarity says it supports Pravin Gordhan's idea that technicians who used to work for Eskom should be brought back.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.