Nhlanhla Nene resigns as finance minister

Nhlanhla Nene has resigned as finance minister, the presidency announced on Tuesday.

The announcement came after South Africans and political parties rejected Nene’s apology for previously undisclosed meetings with the Guptas at Saxonwold and at their business premises in Midrand from 2010 to 2014, when he served as deputy minister and then minister of finance, respectively.

This revelation at the state capture inquiry raised serious questions about Nene’s credibility, particularly whether the Guptas had any role in his previous Cabinet deployments and whether he at any stage had acted under their instruction.

The Sunday Times reported that when Nene was reappointed to the Cabinet in February this year, he did not disclose to President Cyril Ramaphosa that he had had seven meetings with the Guptas during his previous Cabinet stint. 

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