How 'pensioner' Tito Mboweni keeps it lit on Twitter
How 'pensioner' Tito Mboweni keeps it lit on Twitter
10 October, 2018, 09:44
Ramaphosa said he had received a resignation letter from Nene and had made a decision to accept it.
"[He] is, at least, known to market participants, ratings agencies and worldwide financial institutions, who closely follow events in South Africa", the DA's Shadow Minister of Finance David Maynier said in a statement.
Mboweni, like mineral resources minister Gwede Mantashe, has been appointed in terms of rules which permit two ministers from outside parliament.
Nhlanhla Nene resigned over discrepancies in his accounts of meetings with a business family at the heart of a corruption scandal, President Cyril Ramaphosa announced on Tuesday.
The Guptas have been accused of having improper influence over former president Jacob Zuma and his executive, as well as control of operations at state owned enterprises, which they used to loot billions of rand from South African taxpayers.
The inquiry, which opened in August, is investigating allegations that Zuma organised the plunder of government departments and public enterprises in a scandal known as "state capture".
"As a former governor of the Reserve Bank and before that, as Minister of Labour, Mr Mboweni brings with him vast experience in areas of finance, economic policy and governance".
Asked repeatedly at a media event in Cape Town whether Nene still enjoyed his confidence and what the future might hold for the finance minister, President Ramaphosa made light of the questions and pretended there was something wrong with his hearing.
The ANC forced Zuma to quit as president in February, clearing the way for his 65-year-old deputy and party leader Ramaphosa to take over. The announcement led to a strengthening of the South African currency, the rand, which had weakened after earlier reports of Mr. Nene's likely resignation. The former minister said he had met the Guptas six times between 2009 and 2014.
Nene is not the only minister in Ramaphosa's cabinet over whom a cloud hangs.
He added that Nene feared his testimony to the inquiry "detracted from the important task of serving the people of South Africa particularly as we work to re-establish public trust in government".
Tito Mboweni is back from the political wilderness.
OnePlus confirmed that the launch invites would be available at Rs 999 via oneplus .in from 10:00 AM IST on October 17 , 2018. The "Unlock The Speed" event will, of course be live streamed in case you don't want to make the schlep.
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