dispatchlive.co.za - Nene to face tough questions at state capture inquiry

Nene to face tough questions at state capture inquiry

Dispatchlive.co.za Spined HTML

Nene to squatter tough questions at state capture inquiry Sign in Register Sign in Register NewsMerchantryCity Opinion School News State Capture Politics Videos Lifestyle Arts Festival Daily Life Dispatch Adventure Entertainment Motoring Sport Boxing Mecca Local Heroes Classifieds News Nene to squatter tough questions at state capture inquiry By Qaanitah Hunter - 03 October 2018 Minister of finance Nhlanhla Nene. Image: File Finance minister Nhlanhla Nene will have some though questions to wordplay at the state capture legation hearings – including revealing why former President Jacob Zuma fired him in 2015. For one‚ he will have to requite details on how many times he met with the Gupta family‚ the nature of these meetings and why he kept quiet well-nigh it for so long. Nene‚ who was re-appointed by President Cyril Ramaphosa in February this year‚ is likely to spill the beans well-nigh a tense build-up to his firing‚ including how Zuma accused him and other senior Treasury officials of obstructing lucrative deals that were deemed unaffordable. Was the now x-rated nuclear deal with Russian nuclear giant Rosatom inside to him stuff given the boot? Initially said to be earmarked for a BRICSWallposition‚ Nene’s axing in December 2015 resulted in a standoff of seismic proportions of politics and the economy. So devastating was the statement issued by Zuma dismissing his finance minister without reason that the economy tanked - and has been limping overly since. Click here for the latest news and wringer of the state capture inquiry Nene had served at national treasury since November 2008 when then-president Kgalema Motlanthe scheduled him deputy minister. He took over the finance ministry on May 25 2014‚ a position he held with little notoriety until he was fired on December 9.Nene had no idea when he walked out the doors of the National Treasury without facing the chop‚ giving over to Des Van Rooyen for a mere weekend‚ that he would come when to his corner office just two years and two months later.He didn’t want to‚ he said at the time of his reappointment‚ but Ramaphosa convinced him he was the man for the job.Nene’s axing symbolised both the prime of the Gupta’s capturing of the state and the whence of the unravelling of their nefarious empire.The man from Kranskop in the KwaZulu-Natal midlands‚ had represented the ANC in the finance portfolio since 1999‚ first serving as a member of the finance committee in parliament until 2004‚ as co-chairperson of the JointUpkeepCommittee between 2002 and August 2005 and then as the chairperson of the Portfolio Committee on Finance from 2005 until he was scheduled deputy minister in 2008.After his firing as finance minister Nene left parliament and took a job in the private sector while the promised gig at the Brics minutiae wall never arrived.He cut his teeth in politics in the 1970s when he was zippy in student politics and played a key role in party politics in the KZN Midlands.Nene’s activism unfurled into the labour movement‚ as a shop steward for Sacawu from 1990 to 1995.His qualifications include a B.Com honours in economics and an wide diploma from the University of the Western Cape‚ as well as a University of South Africa qualification in economic policy.From the University of London he has a document in macro and micro economics.After returning to his role as finance minister‚ Nene vowed to trace and recover money stolen from the state through state capture.“Perhaps at times we underestimate the forfeiture that state capture did. If you squint at state-owned companies‚ that is where our biggest rencontre is at the moment considering had it not been for that‚ their wiring would not have been as eroded to the stage that they are. We are faced with rebuilding those SOEs that have been most affected‚” Nene said.During the presidency upkeep vote older this year‚ EFF leader Julius Malema personal Nene was “corrupt as hell”‚ questioning whether he had met with dubious merchantry people and had intervened on their behalf.Times Select on Tuesday reported that Nene had a number of meetings with the Guptas to discuss‚ among other things‚ the Public Investment Corporation (PIC) deal with Iqbal Surve’s Sekunjalo Investment Holdings.The EFF has wilt a torn in his side‚ accusing him of stuff corrupt. They have threatened to release what they have on him should he not resign. Nene worked for Guptas‚ EFF claims The EFF has personal that Finance Minister Nhlanhla Nene was captured by the controversial Gupta family and worked for them. This follows a report by ... News 20 hours ago Please sign in or register to comment. REGISTER SIGN IN Please enable JavaScript to view the comments powered by Disqus. Trending Now WATCH LIVE | State Capture Inquiry - Day 17: Finance ... News Thousands expected to shepherd coronation of King Ndamase ... News WiFi hot spots a hunting ground for criminals News Nearly R2bn in irregular spending by Sassa News WATCH | Eastern Cape braced for big freeze News Latest Videos State Capture Inquiry - Day 17: Finance minister Nhlanhla Nene testifies Eastern Cape weather X Sections News Politics Videos Lifestyle Sport Local Heroes Classifieds Policy Info Terms & Conditions Privacy Policy Comments Policy FAQs Get In TouchWell-nighUs Contact Us Advertise Newsletters Our Network TimesLIVE Sunday Times BusinessLIVEMerchantryDay Financial Mail Rand Daily Mail HeraldLIVE DispatchLIVE Wanted Online SA Home OwnerMerchantryMedia MAGS DispatchLIVE © 2018 Tiso Blackstar Group (Pty) Ltd. All rights reserved. Use of this site constitutes visa of our terms & conditions and privacy policy.