Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Oct 08, 2018

South Africa Finance Minister Nene Offers to Resign, BD Says

(Bloomberg) -- South African Finance Minister Nhlanhla Nene asked President Cyril Ramaphosa to accept his resignation and the South African leader will now decide his fate, Business Day reported, without citing anyone.

The request came after political parties rejected his apology for previously undisclosed meetings with members of the Gupta family during past tenures as deputy minister and minister of finance from 2010 to 2014, the Johannesburg-based newspaper said Monday.

The Guptas are friends of former President Jacob Zuma. Some of its members conducted business with his son Duduzane and are implicated in a corruption scandal where allegations have been made that they used their influence to have ministers appointed by Zuma. They have all denied wrongdoing.

Factions within the ruling African National Congress have been discussing potential replacements that they could suggest to Ramaphosa, three senior party officials said, asking not to be identified because the information hasn't been made public.

Jabulani Sikhakhane, Nene's spokesman, referred queries to the president's office, he said by phone. Khusela Diko, Ramaphosa's spokeswoman, declined to comment when contacted by phone.

To contact the reporters on this story: Eric Ombok in Nairobi at eombok@bloomberg.net;Felix Njini in Johannesburg at fnjini@bloomberg.net

To contact the editors responsible for this story: Christopher Kingdon at ckingdon@bloomberg.net, Helen Nyambura, Ana Monteiro

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search