It emerged on Tuesday morning that public protector Busisiwe Mkhwebane has agreed to conduct an investigation against Nene for possible breach of the Executive Ethics Act.
This follows a complaint filed DA MP David Maynier.
The alleged breach of the executives ethics act relates to allegations that a Public Investment Corporation (PIC) investment in S&S Oil Refinery‚ which reportedly included a $1.7m “referral fee”‚ which may have benefited Nene’s son‚ Siyabonga Nene.
This was allegedly took place at a time when Nene was chairperson of the PIC board in his capacity as deputy finance minister.
“I received a reply from Oupa Segalwe‚ acting executive manager of communications & stakeholder management‚ dated 8 October 2018‚ confirming that the matter will be investigated by the good governance and integrity branch within the office of the public protector.
“These allegations are serious given the fact that‚ in terms of Section 96(2)(b) of the constitution‚ ministers may not “expose themselves to any situation involving the risk of a conflict between their official responsibilities and private interests‚” said Maynier in a statement.