Finance minister Nhlanhla Nene has asked President Cyril Ramaphosa to relieve him of his duties following public pressure over his testimony at the commission of inquiry into state capture at which he admitted to meetings with the Guptas. The request came after some political parties rejected his apology for previously undisclosed meetings with the Guptas at Saxonwold and their business premises in Midrand from 2010 to 2014, when he served as deputy minister and minister of finance respectively. Business Day understands that Nene approached Ramaphosa at the weekend with the request. Now it is up to the president to decide Nene’s future. The Zondo commission is investigating allegations of widespread corruption and abuse of power during Jacob Zuma’s presidency. Zuma, his son Duduzane and the Gupta family are at the centre of state-capture allegations. On Friday, the Mail & Guardian and amaBhungane reported that Nene’s son Siyabonga had asked the Public Investment Corporation (PIC) to...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.