Economics
Ramaphosa Decision ‘Imminent’ on South Africa Finance Chief Nene
- Mcebisi Jonas is said to decline offer to replace Nene
- Ramaphosa ‘concerned about uncertainty’ in markets, Diko says
Nhlanhla Nene
Photographer: Gulshan Khan/AFP via Getty ImagesThis article is for subscribers only.
South African President Cyril Ramaphosa plans to make an announcement soon on the future of Finance Minister Nhlanhla Nene after his admission to an anti-graft inquiry that he met members of the Gupta family at their home six times, contradicting previous denials.
“It’s a very big a cause of concern for the president,” Khusela Diko, a spokeswoman for the president, told reporters on Tuesday in response to a question about Nene “lying” about the meetings. “That decision on Nene is imminent. In fact, we are just waiting direction from the president as to when exactly it will be.”