#StateCaptureInquiry: Nene to take the stand

2018-10-03 05:18
Finance Minister Nhlanhla Nene. (Photo: Getty Images)

Finance Minister Nhlanhla Nene. (Photo: Getty Images)

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

Finance Minister Nhlanhla Nene is expected to testify before the judicial commission of inquiry into allegations of state capture on Wednesday.

Nene is set to take the stand at 10:00.

He is expected to reveal how he was "pressured" by former president Jacob Zuma to approve a nuclear deal. His refusal is believed to have been the trigger for his removal.

In August, former deputy minister of finance Mcebisi Jonas told the commission that Nene was dismissed by Zuma in December 2015 because he did not want to authorise the deal.

Zuma was adamant that the country should enter into an agreement with Russia for the construction of nuclear power stations.

OPINION: Nene at Zondo commission: Questions about the Guptas, answers about the nuclear deal

According to Jonas, a man he believed to be Ajay Gupta offered him Nene's job if he agreed to help the family increase their earnings from the fiscus through various entities, including Eskom, Transnet and government departments, from R6bn to R8bn.

"Mr Gupta said they had determined that the National Treasury was the stumbling block for their growth and that they wanted to clean up Treasury," Jonas said at the time.

The meeting was held weeks before Nene was fired on December 9, 2015, and replaced him with Des van Rooyen, who only lasted the weekend as Zuma was forced to replace him with Pravin Gordhan, who returned for a second stint as minister.

Nene's firing sent the economy spiralling and caused widespread outrage from the ANC, business, civil society and ordinary South Africans.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    jacob zuma  |  nhlanhla ­nene  |  state capture  |  nuclear

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.