Others could follow Nene out the Cabinet door - report

2015-12-10 09:46
President Jacob Zuma (Jaco Marais, Die Burger)

President Jacob Zuma (Jaco Marais, Die Burger)

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


REPORT: Nene axing, van Rooyen appointment has immediate negative effect on rand

2015-12-10 08:09

Who is new finance minister David van Rooyen? That's one of the answers South Africans want after the axing of former minister Nhlanhla Nene.WATCH

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.

Read more on:    tina joemat-pettersson  |  faith muthambi  |  jacob zuma  |  nhlanhla ­nene  |  economy  |  politics

Join the conversation!

24.com 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

Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.


Man scores date with tennis superstar after Twitter bet

It’s a modern day Cinderella story, but one American man took ‘shoot your shot’ seriously in 2017.


You won't want to miss...

6 myths about male cancer
Who are the highest paid models of 2017?
10 gorgeous plus-sized models who aren't Ashley Graham
5 top leg exercises for men
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 24.com 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.