Others could follow Nene out the Cabinet door - report

Cape Town – Following the axing of Nhlanhla Nene as minister of finance, a report has emerged that other Cabinet members could soon follow him on the way out.

Nene’s firing sent the rand diving, with many analysts slamming President Jacob Zuma's shock move and calling it pure politics, Fin24 reported.

And on Thursday, the Cape Times reported that there is "strong speculation" that Minister in the Presidency Jeff Radebe and Trade and Industries Minister Rob Davies could soon be fired from their posts too.

The newspaper also said word in senior ANC circles was that Higher Education Minister Blade Nzimande's job was on the line.

On Monday, Independent Media reported “insiders” as saying that the finance, communications and energy portfolios could get new leaders.

Faith Muthambi is the current communications minister and has overseen the crisis at SABC while Tina Joemat-Pettersson has faced criticism over the energy department’s handling of the nuclear build programme and the situation at Eskom.

The Independent Media report said Nene had apparently been talking openly about efforts to remove him, while Treasury Director General Lungisa Fuzile was reportedly told not to reapply for his contract in February as the minister was "on his way out anyway". Fuzile later denied this.

Zuma hasn’t announced what Nene’s new role will be, but it was reported that it is believed he will be getting a senior position in the New Development Bank set up by Brics.

David Douglas Des van Rooyen was named as the new finance minister. He has been described by economists as largely unknown with little policy experience.

Read more on Van Rooyen here.

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
Rand - Dollar
Rand - Pound
Rand - Euro
Rand - Aus dollar
Rand - Yen
Brent Crude
Top 40
All Share
Resource 10
Industrial 25
Financial 15
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.