BREAKING NEWS Six-vehicle crash on Harrisburg bridge, minor injuries reported Full Story

South Africa's finance minister Nhlanhla Nene resigns

South African President Cyril Ramaphosa accepted the resignation of the country's finance minister Nhlanhla ...

Posted: Oct 9, 2018 6:02 PM
Updated: Oct 9, 2018 6:02 PM

South African President Cyril Ramaphosa accepted the resignation of the country's finance minister Nhlanhla Nene on Tuesday, following what the President described as "errors of judgement."

In a nationally televised address, Ramaphosa said he accepted Nene's resignation because of "errors of judgment" as a result of a controversy surrounding Nene's testimony in an ongoing graft inquiry in South Africa.

Africa

Continents and regions

Cyril Ramaphosa

Political Figures - Intl

South Africa

Southern Africa

Resignations

Ramaphosa announced that Tito Mboweni, a former South African Reserve Bank Governor, will replace Nene as finance minister.

Mboweni was sworn-in immediately following the address.

"After due consideration of the circumstances around this matter and in the interest of good governance, I have decided to accept his resignation," said Ramaphosa.

Nene was sacked by former president Jacob Zuma as finance minister -- in testimony to the ongoing 'state capture inquiry'.

Although, Nene says he was fired because he refused to sign onto what many saw as a questionable nuclear deal with Russia.

Nene was re-appointed after Ramaphosa assumed the presidency.

Despite his reputation as a finance minister fighting the rot of corruption, Nene recently admitted to a series of meetings during his tenure with the Gupta family, wealthy Indian expats that are accused of large-scale corruption. He previously denied having those meetings.

Several other members of Ramaphosa's cabinet have been accused of corruption and some analysts believe that Nene's resignation will put more pressure on the president to clean up his leadership team.

The influential Gupta family are implicated in a 355-page State of Capture 2016 report published by South Africa prosecutors.

It contains allegations, questionable business deals and ministerial appointments in former president Jacob Zuma's government.

The Guptas are a wealthy family who emigrated from India to South Africa, where they have built a business empire and wield much political influence.

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 81437

Reported Deaths: 1003
CountyCasesDeaths
Multnomah18813263
Washington11493107
Marion9933158
Clackamas701283
Lane470652
Umatilla457450
Jackson420141
Deschutes268515
Malheur250845
Yamhill185317
Linn170424
Polk138720
Klamath10437
Douglas102620
Jefferson91211
Benton8777
Union8368
Morrow6937
Lincoln67816
Josephine6165
Wasco57519
Columbia5524
Coos4873
Hood River4603
Clatsop3970
Baker3164
Crook2686
Curry1592
Tillamook1520
Lake1451
Grant1421
Harney1081
Wallowa723
Gilliam240
Sherman240
Wheeler60
Unassigned00
Eugene
Overcast
29° wxIcon
Hi: 52° Lo: 43°
Feels Like: 24°
Corvallis
Scattered Clouds
24° wxIcon
Hi: 46° Lo: 40°
Feels Like: 24°
Roseburg
Overcast
35° wxIcon
Hi: 54° Lo: 43°
Feels Like: 35°
North Bend
Clear
39° wxIcon
Hi: 60° Lo: 46°
Feels Like: 36°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events