Has Ramaphosa lost confidence in Nene? DA asks

Mcebisi Jonas

Mcebisi Jonas

Opposition parties cited a South African media report that Finance Minister Nhlanhla Nene had offered to quit, saying President Cyril Ramaphosa should dismiss him to show commitment to clean government in one of Africa's biggest economies.

On Friday, Nene apologised for meeting the Guptas at their home and businesses, and for not disclosing the meetings at the time.

Basa Chairman Mike Brown said on Monday that the markets would be watching closely if there were any change in the critical ministry, with all eyes on the person to replace Nene if he should resign or be axed.

Factions within the ANC have been discussing potential replacements that they could suggest to President Cyril Ramaphosa, three senior party officials said, asking not to be identified because the information has not been made public.

Nene's credibility is in doubt after he testified at the Zondo Commission of Inquiry that he met the controversial Gupta family several times between 2010 and 2014, while was deputy and finance minister respectively.

More news: Giants Beckham: "I don't want to be held back anymore"
More news: Trump rallies Republicans after Kavanaugh confirmation
More news: Manchester City's Gabriel Jesus 'unhappy' at Riyad Mahrez taking penalty vs. Liverpool

On Monday, it was widely reported that the Presidency said it was not aware of Nene's request to step down.

His removal as finance minister by then president Jacob Zuma in 2015 further gained him public sympathy as this was seen as a punishment for his refusal to play along with Zuma's plan to turn national treasury into a private empowerment scheme for himself; his Gupta friends and Russian president Vladimir Putin.

He also told the commission that he was sacked by Zuma because he refused to sign a multi-billion nuclear power pact with Russian Federation that would have crippled South Africa's finances.

The Business Day newspaper reported on Monday that Nene asked Ramaphosa, who appointed him finance minister previous year, to relieve him of his duties over the weekend.

Recommended News

  • Cricket great Matthew Hayden suffers spinal injuries while surfing in Queensland

    Cricket great Matthew Hayden suffers spinal injuries while surfing in Queensland

    Former Australian cricketer Matthew Hayden suffered a severe head injury during a surfing incident on Sunday, 7 October. He and two colleagues, including former Australia allrounder Andrew Symonds, eventually swam a kilometre to shore.
    Bigg Boss Weekend Ka Vaar

    Bigg Boss Weekend Ka Vaar

    Anup Jalota sab janta hain! Looks like Bigg Boss is leaving no stone unturned to test Anup and Jasleen's love for each other. The jail break task brings in a lot of twists, with Dipika Kakar and Romil Chaudhary having a verbal fight.
    Oil Declines on Hopes for U.S. Waivers on Iran, Saudi Assurance

    Oil Declines on Hopes for U.S. Waivers on Iran, Saudi Assurance

    A USA government official said on Friday that the administration was considering waivers on Iran's oil sanctions. Saudi Arabia's ARAMCO has said it will make up for market demands for crude in Iran's place.
  • Riverdale season 3 casts Gina Gershon, Trinity Linkins as Jughead's family

    Riverdale season 3 casts Gina Gershon, Trinity Linkins as Jughead's family

    Her television credits include FX's Rescue Me , HBO's Curb Your Enthusiasm , Amazon's Red Oaks , and Lifetime's House of Versace . It was previously stated by show runner Roberto Aguirre-Sacasa that Gladys and Jellybean would show up "around episode 8 or 9".
    McConnell now open to high court nomination in election year

    McConnell now open to high court nomination in election year

    The Maine Senator also said in a Friday speech that Kavanaugh places high importance on previous court decisions. Other demonstrators climbed on the nearby statue of justice. "This has been good for us politically".
    Meghan Markle’s sister refused Kensington Palace entry after arriving uninvited

    Meghan Markle’s sister refused Kensington Palace entry after arriving uninvited

    He was forced to pull out of walking the Duchess down the aisle at her wedding to Prince Harry , after suffering a heart attack. Meghan Markle's half-sister reportedly clashed with security as she turned up at Kensington Palace to confront the royal.
  • Israel to Close UNRWA Schools in Jerusalem to End Refugee 'Lie'

    Israel to Close UNRWA Schools in Jerusalem to End Refugee 'Lie'

    UNRWA said such a move would affect its humanitarian operations and installations in east Jerusalem . In the absence of a solution, the UN General Assembly has repeatedly renewed UNRWA's mandate.
    $100000 meteorite served as a doorstop

    $100000 meteorite served as a doorstop

    Typically what happens is that either the meteorites are sold to a museum or to some collectors or sellers, looking for a profit. This year, the man was inspired by stories of MI residents finding and selling pieces of meteorites.
    TV journalist murdered in Bulgarian town of Ruse

    TV journalist murdered in Bulgarian town of Ruse

    She had reported on alleged corruption by tycoons and politicians in an episode of his programme called Detector for TVN. Reporters Without Borders said other TVN journalists should get police protection during the investigation.
  • Justice Brett Kavanaugh gets to work with all-female law clerk staff

    A crowd assembles at Westlake Park in downtown Seattle to protest the confirmation of Brett Kavanaugh to the Supreme Court. Mazie Hirono (D-HI) said Sunday that it was "insulting" for Sen. "The partisanship he showed was astounding".
    Nana Patekar cancels press conference on Tanushree Dutta's sexual harassment allegations

    Nana Patekar cancels press conference on Tanushree Dutta's sexual harassment allegations

    The press conference was to be held for Nana to address Tanushree's accusation of his misbehaviour on the set of a 2008 film. As per PTI, Nana Patekar recently denied that he'd misbehaved with actor Tanushree Dutta , calling her claims a "lie".

    How To Watch Google's Pixel 3 Event In Australia

    But if true, it's clear that Google has made a decision to copy the famous iPhone X Series notch as noted in our cover graphic. The Google Pixel 3 XL comes with revamped Camera app where you can set three different focal lengths settings.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.