https://www.engineeringnews.co.za

Nhlanhla Nene resigns as MP

Former Finance Minister Nhlanhla Nene

Former Finance Minister Nhlanhla Nene

19th October 2018

By: News24Wire

  

Font size: - +

After falling on his sword as minister of finance, Nhlanhla Nene has also resigned as an MP, the African National Congress (ANC) confirmed on Friday.

ANC chief whip Jackson Mthembu's office received Nene's resignation letter on Friday.

This follows Nene's testimony before the commission of inquiry into State capture two weeks ago, in which he backtracked on previous remarks about meeting the Guptas in social settings, revealing that he had met the controversial brothers several times between 2009 and 2014.

In the days after his testimony, pressure mounted on Nene to resign, as it did on President Cyril Ramaphosa to remove him.

"As a consequence of these developments, Minister Nene submitted a letter of resignation this morning in which he requested that I relieve him of the position of the minister of finance," Ramaphosa said when he announced that he had accepted his resignation. He then appointed former Reserve Bank Governor Tito Mboweni in his place.

In his letter, Nene indicated that his resignation as MP was effective from last Tuesday.

"I take this opportunity to thank you for the working relationship we have had during my tenure as a Member of Parliament," Nene wrote to Mthembu.

"I am also indebted to the ANC and the people of South Africa for having given me the opportunity to serve our country in my capacity as an elected representative," Nene wrote.

Mthembu thanked Nene for his service to the ANC and South Africans.

"There are very few people who are able to own up to their error of judgement. Comrade Nene is amongst the few," Mthembu said.

Mthembu also congratulated Mboweni on his appointment and said he looked forward to him delivering the Medium-Term Budget Policy Statement on Tuesday.

Nene returned to Cabinet when Ramaphosa appointed a new Cabinet in February this year, after former president Jacob Zuma had controversially replaced him with ANC backbencher Des van Rooyen in a late night Cabinet reshuffle in December 2015.

Nene testified before the Zondo commission that it was his opposition to Zuma's pet project, the Russian nuclear deal, which caused Zuma to axe him.

Nene was sworn in as a MP shortly after his reappointment as finance minister earlier this year.

The ANC whippery didn't indicate who will take Nene's seat.

Edited by News24Wire

Comments

Showroom

Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.363 0.432s - 178pq - 2rq
Subscribe Now