The future of Nhlanhla Nene as the Finance Minister of South Africa, once seen as so vital to the country's renewal, is now in serious doubt. Bluntly, it now seems almost 50/50 as to whether he will survive until the Medium Term Budget Policy Statement.
Finance Minister Nhanhla Nene has now admitted to a series of meetings with the Gupta family that he had previously denied having. This is despite what was clearly his political and personal bravery in standing up to then President Jacob Zuma over the nuclear power deal with Russia.
President Cyril Ramaphosa is now facing the prospect of having to let go a man he personally appointed, and of having to pick a replacement. Already, the name of Gauteng Finance MEC Barbara Creecy is being bandied about in some quarters as the next finance minister.
What possibly could be the most damaging issue for Ramaphosa is what could be the real agendas of those who so loudly trumpeted the "dark secrets" that Nene is said to possess, and how could they have known about all of this in advance.
The last week...
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Publish date : 2018-10-08 13:54:56