Nene resignation won’t compromise mini budget – economists
If the finance minister were to be replaced, it would not compromise the medium-term budget policy statement (mini-budget) set to be delivered on October 24, economists have said.
Reports have emerged that Finance Minister Nhlanhla Nene offered his resignation to President Cyril Ramaphosa, little more than two weeks before the announcement of the mini-budget.
This followed Nene’s testimony before the Zondo Commission of Inquiry into State Capture last week, where he revealed that he had met with members of the Gupta family several times between 2009 and 2014. The finance minister issued a public apology to South Africans on Friday.
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