Thursday, December 10, 2015

NEW: Nhlanhla Nene removed as finance minister

President Jacob Zuma took an unprecedented step on Wednesday night by dismissing Finance Minister Nhlanhla Nene – barely two years after he took office.















In a shocking move that saw the rand plummeting to below R15 to the US dollar, Zuma appointed a relatively unknown backbencher David ‘Des’ van Rooyen – who served as a member of the finance committee in Parliament – to replace Nene. Nene has been at loggerheads with SAA chair Dudu Myeni – who serves as thechairperson of the president Jacob Zuma’s education trust.


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