Nhlanhla Nene

Ramaphosa’s new brooms

President Cyril Ramaphosa has announced several changes to his Cabinet. Here are short biographies of some of the new and not-so-new faces in the national executive. Nhlanhla Nene, Minister of Finance Former finance minister Nhlanhla Nene has made a dramatic return to his former position as head of National Treasury[…]

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Was Nene fired for saying no to Bashir?

Axed Finance Minister Nhlanhla Nene said no to South African Airways chairperson Dudu Myeni and Sudanese President Omar al-Bashir, the Mail & Guardian reported on Friday. It was basically also a no to President Jacob Zuma who had asked, according to Myeni, that SAA open a new route to Khartoum[…]

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Pravin Gordhan re-appointed minister of finance

Pravin Gordhan has been appointed as the minister of finance, replacing David van Rooyen who was put in the seat four days ago. The Presidency issued a statement on Sunday confirming the appointment. “I have received many representations to reconsider my decision. As a democratic government, we emphasise the importance of[…]

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#ZumaMustFall gaining momentum

South Africans have taken to social media to voice their displeasure at President Jacob Zuma’s shock announcement to remove Nhlanhla Nene as finance minister and within 24 hours, the hashtag #ZumaMustFall was trending while a Facebook page to organise a peaceful march had been set up. A Facebook #ZumaMustFall event[…]

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Zuma removes Nene as finance minister

President Jacob Zuma on Wednesday announced the removal of Finance Minister Nhlanhla Nene from the Finance portfolio in Cabinet. “I have decided to remove Mr Nhlanhla Nene as Minister of Finance, ahead of his deployment to another strategic position,” Zuma said in a statement. Zuma said that Nene had done[…]

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Eskom step closer to cash lifeline

Eskom is one step closer to receiving R23bn and converting its R60bn subordinated loan into equity, after the National Council of Provinces passed the two bills tabled by Finance Minister Nhlanhla Nene on Friday. This comes after the House of Representatives passed the bill on Wednesday. “Both Houses of Parliament[…]

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Nene mum on sale of non-core assets

Finance Minister Nhlanhla Nene on Thursday again refused to identify the non-core state assets which would be sold off to raise money for Eskom. Briefing a joint meeting of Parliament’s finance committees, Nene said the sale was almost finalised. “No matter how much we would actually want to identify these[…]

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Budget mixed for taxpayers: analysts

Finance Minister Nhlanhla Nene’s 2015/16 budget contained mixed messages for individual taxpayers, PricewaterhouseCoopers (PwC) said on Wednesday. PwC tax consultant Ian Wilson said in a statement that measures announced in the budget signalled relief for low- to middle-income earners and increased the income tax burden for middle- to high-income earners.[…]

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Cosatu wants ‘radical transformation’

Cosatu on Tuesday called for the 2015/16 budget to implement radical economic transformation. “The second phase of transformations should be about radical economic transformation,” Congress of SA Trade Unions spokesman Patrick Craven said. “This calls for the implementation of the economic demands of the Freedom Charter which puts people at[…]

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