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)

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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

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