DEVELOPING: Ramaphosa to announce Nene's fate at 16:30

2018-10-09 13:24
President Cyril Ramaphosa. (Siyabulela Duda, GCIS)

President Cyril Ramaphosa. (Siyabulela Duda, GCIS)

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

President Cyril Ramaphosa is concerned about the uncertainty being created in the financial markets around the fate of Finance Minister Nhlanhla Nene, his spokesperson said on Tuesday.

Speaking to News24, Ramaphosa's spokesperson Khusela Diko said Ramaphosa would make an announcement on Nene's fate at 16.30.

News24 will cover and stream the announcement live.

Diko said the president was worried about the implications for the country's "economic recovery and stability".

She confirmed that Ramaphosa and Nene had "engaged" on his testimony at the state capture commission of inquiry, during which he said that he had met with the Gupta family on several occasions.

"The president is obviously concerned about the uncertainty created in the financial markets, and the implications for the economic recovery and stability of the nation. He is applying his mind to the issues," she said.

On Monday, News24 reported that Nene asked Ramaphosa to relieve him of his duties. Business Day also reported this.

On Friday, Nene apologised for his visits to the Gupta family, and said he should have been upfront about them sooner.

Read more: Nene: I'm sorry, I was wrong in meeting the Guptas

An official told News24 on Monday that the engagement between the minister and the president happened telephonically. Diko said the president had been "briefed" on Nene's testimony and said the two had engaged on more than one occasion over the issue.

There have been calls for Nene to resign over his testimony, specifically from the EFF, which called his testimony a "horror show".

Read more on:    cyril ramaphosa  |  nhlanhla ­nene  |  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.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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.

Settings

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.