It was proper for me to resign - Nene

Cape Town - Former finance minister Nhlanhla Nene said, on Saturday, he felt it was “proper” for him to resign as an ANC MP.

This following his name being put forward to head the African Regional Centre of the New Development Bank/Brics bank.

“Yes, I resigned last year,” he confirmed.

“In line with my removal [and being nominated for the Brics bank position] I felt it would be the proper thing to do.”

While he resigned in December, his resignation was processed only last month.

After Nene’s sacking as finance minister, President Jacob Zuma said the "urgency of the changes in the leadership of the National Treasury" was because nominations needed to be sent to Shanghai in terms of the head of the African Regional Centre of the New Development Bank/BRICS Bank, which will be based in Johannesburg".

"Mr Nene is our candidate for this position. We are fully backing his candidature, knowing full well that he will excel and make the nation proud in his next assignment,” Zuma said at the time.

Nene said no formal offer has yet been received.

“Whatever comes, comes,” he said, adding that he looked forward to taking up the position for which he was nominated.

Nene was replaced with largely unknown David van Rooyen, who was put in the seat for four days and was replaced by Pravin Gordhan.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Voting Booth
Zama zama crackdown: What are your thoughts on West Village residents taking the law into their own hands?
Please select an option Oops! Something went wrong, please try again later.
Results
Authorities should bring in the army already
11% - 2107 votes
Illegal miners can't be scapegoated for all crime
50% - 9838 votes
What else did we expect without no proper policing
36% - 7162 votes
Vigilante groups are also part of the problem
4% - 725 votes
Vote
Rand - Dollar
16.40
+0.3%
Rand - Pound
19.84
-0.0%
Rand - Euro
16.68
+0.2%
Rand - Aus dollar
11.52
+0.3%
Rand - Yen
0.12
+1.0%
Gold
1,775.21
-0.2%
Silver
20.14
-0.7%
Palladium
2,155.12
+0.1%
Platinum
937.43
-0.1%
Brent Crude
95.10
-3.2%
Top 40
64,726
+1.1%
All Share
71,505
+1.1%
Resource 10
65,387
+3.2%
Industrial 25
87,072
+0.1%
Financial 15
16,239
+0.5%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE