Sunday, 16 December, 2018

How 'pensioner' Tito Mboweni keeps it lit on Twitter

Lesetja Kganyago Lesetja Kganyago
| 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.

Recommended

After City draw, Liverpool's Klopp slams 'senseless' Nations League After City draw, Liverpool's Klopp slams 'senseless' Nations League Liverpool's Van Dijk gave away a late penalty against Manchester City that was missed by Riyad Mahrez. I [asked] him: "'Big one?' and he said: "'I don't think so, but big enough that I go off'".

The Everest barrier draw succeeds despite protest The Everest barrier draw succeeds despite protest The Opera House did not immediately respond to a request for comment, but has previously directed Reuters to the state government. A plan to project a racing advertisement on the famed sails of the Sydney Opera House has sparked controversy in Australia.

Trump accepts Nikki Haley's resignation as United Nations ambassador Trump accepts Nikki Haley's resignation as United Nations  ambassador Haley, who is not personally wealthy, hinted in her resignation letter to Trump that she is headed to the private sector. Trump tweeted that "The people of SC are embarrassed by Nikki Haley ".

Twitter reacts to Tua Tagovailoa putting up video game numbers against Arkansas Twitter reacts to Tua Tagovailoa putting up video game numbers against Arkansas He is now 76-of-102 for 1,495 yards and has no interceptions on the year, and he has yet to play in a fourth quarter. He opened the game with a insane stat line: He threw 2-for-2 for 123 yards and two touchdowns.

Bale, De Bruyne among first Ballon d'Or nominees Bale, De Bruyne among first Ballon d'Or nominees Other nominees are Pernille Harder, Lindsey Horan, Fran Kirby, Sam Kerr, Lieke Martens, Megan Rapinoe and Christine Sinclair. The first five Ballon d'Or nominees have been named and a number of Premier League players feature prominently on the list.

Facebook Launches Portal Smart Display Facebook Launches Portal Smart Display Portal is powered by an AI camera that "stays with the action" and automatically zooms to keep people in the frame. The Portal and Portal + are new video calling devices which feature built-in speakers and large touchscreens.

Dana White Talks Possible Fines and Suspensions, Says Both Checks on Hold Dana White Talks Possible Fines and Suspensions, Says Both Checks on Hold However, White said neither fighter was blameless, and described McGregor as a "superstar". "I will be very hard on this". Those of you that have been to many events, you've never seen this many metro police officers in the building.

Brett Kavanaugh Sworn In As Newest Supreme Court Justice Brett Kavanaugh Sworn In As Newest Supreme Court Justice The ceremony took place in the room where the justices meet for their private conferences. "Judge Kavanaugh's record is clear". Kavanaugh was quickly sworn in at the court building, across the street from the Capitol, even as protesters chanted outside.

Trump apologizes to Kavanaugh, says he was 'proven innocent' Trump apologizes to Kavanaugh, says he was 'proven innocent' McConnell also stood aside while Russians interfered in the 2016 presidential election on behalf of Donald Trump . The initial focus of opposition was exclusively on the conservative views held by the married father of two.

Nawaz breaks political silence after Shehbaz's arrest Nawaz breaks political silence after Shehbaz's arrest According to reports, (PML-N) president arrived in court in an armoured vehicle under the heavy securities. Nawaz termed his brother's arrest a worst political victimisation.

India to keep buying Iranian oil despite United States sanctions: Sources - International India to keep buying Iranian oil despite United States  sanctions: Sources - International It was the first time a USA official said the administration was in the process of considering waivers. Crude oil prices stayed steady Friday after a volatile week that saw the highest prices in four years.

Indonesian quake toll raised to 1407 Indonesian quake toll raised to 1407 Among those leaving are a group of students attending an Islamic competition in the Sumatran city of Medan. Humanitarian agencies had been in communication with the government and were ready to help, he said.

SpaceX plans Vandenberg satellite launch Sunday evening may create sonic boom SpaceX plans Vandenberg satellite launch Sunday evening may create sonic boom Later, SpaceX reported that the SAOCOM 1A radar satellite was placed in its proper pole-to-pole orbit. The satellite is the first of two that will be used for emergency management and for land monitoring.

South Koreans Visiting Pyongyang For Summit Anniversary South Koreans Visiting Pyongyang For Summit Anniversary Nuclear diplomacy later stalled due to suspicions over how honest North Korea is about its disarmament pledge, but U.S. He said there's continuing worldwide support for economic sanctions to remain on North Korea in the meantime.

Retired Supreme Court Justice John Paul Stevens Opposes Kavanaugh Retired Supreme Court Justice John Paul Stevens Opposes Kavanaugh Stevens, who retired in 2010 after 35 years on the bench, stands as one of the longest-serving justices in history. I might have been too emotional at times. "The first thing I did was take that picture down", she said .