Zuma Lied About Making Nene Head Of The Brics Bank


Months after President Jacob Zuma sacked the former Minister of Finance Nhlanhla Nene on the basis that he wants him (Nene) to head the Africa Regional Centre, Nene has aired out at the Financial Mail that he is yet to receive an offer from the president.

Issuing a statement  after the removal of Nene, the office of the president said the president took the decision to move Nene because the government had identified Nene as the preferred candidate to head the Africa Regional Centre, one of the bank’s priority units.

Also See: It’s Wrong to Blame Zuma For The Falling Rand- Pravin Gordhan

“We are fully backing his [Nene’s] candidature, knowing full well that he will excel and make the nation proud in his next assignment,” the statement read.

President Zuma had also in recent local TV channel, reiterated that Nene was best fit to head the brics bank

“We took a decision that he [Nene] heads the Brics bank as it needs an experienced person,” Zuma told local TV channel eNews in early January.

But this week, in a conversation with the Financial Mail, Nene said he is yet to receive information either from the presidential office, the Shanghai or Pretoria about any job “I still have not received a formal offer,” he said.

Meanwhile, South Africans point fingers at the president as the cause the country’s falling economy. According to them, President Zuma has dismissed a minister who stood for integrity and prudence in managing the country’s finances.

Prior to his removal, Nhlanhla Nene was known to have stood his ground on issues of wasteful government expenditure. He also openly criticized wage increases for public servants; questioned the management of public utilities; opposed a bailout for the national airline and did not approve a proposal to buy the president a new private jet.

Nene who was the minister of finance for 18 months, was popularly regarded as one of the few people in government who oppose certain spending plans, including a programme to build new nuclear plants. He was replaced with Pravin Gordhan – the former Minister of Cooperative Governance and Traditional Affairs.

Also See: ‘South African’s Economy Has Moved From Hero To Zero Under Zuma’ – Hain

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