Nene sacking may be catastrophic for SA - De Klerk Foundation

2015-12-10 21:24
Former finance minister Nhlanhla Nene. (Treasury)

Former finance minister Nhlanhla Nene. (Treasury)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories


Twiitter reacts as Zuma cracks the whip & replaces Nene

2015-12-10 17:25

Zuma cracked his whip on Wednesday evening and removed finance minister Nhlanhla Nene from his post; naturally, the internet had something to say...WATCH

Durban – The FW de Klerk Foundation has weighed in on the dismissal of Nhlanhla Nene as finance minister, saying it "may signal a catastrophic turning point for South Africa’s already ailing economy".

In a statement, the foundation said that the ministry of finance and the Treasury had thus far been "the main - and perhaps the last - bulwarks against unrestrained and profligate state expenditure".

"Minister Nene has maintained probity in the management of state finances and tried, with courage and distinction, to hold the line against irresponsible state expenditure."

The foundation added that it believed Nene’s opposition to President Jacob Zuma’s R1-trillion nuclear reactor deal with Russia and his firm line "countermanding the highly suspect plans of the SAA board chairperson, Dudu Myeni, to reopen complex contracts for new aircraft" had led to his dismissal.

"Ms Myeni, a close confidante of President Zuma, is also the chairperson of the Jacob G Zuma Foundation.

"The President has a constitutional right to appoint and dismiss cabinet ministers. However, his decision to dismiss Minister Nene and to appoint in his place an inexperienced and virtually unknown backbencher, David van Rooyen, is a matter for the deepest concern."

Zuma shocked the country late on Wednesday by announcing that Nene would be sacked and replaced with the relatively unknown Van Rooyen. 

Read more on:    fw de klerk foundation  |  david van rooyen  |  dudu myeni  |  jacob zuma  |  nhlanhla ­nene  |  economy  |  politics

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Financial advisors – Do you need one and should you get one?

The good, the bad, and everything else you need to know when considering hiring a financial advisor.


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.