DEVELOPING: Ramaphosa to announce Nene's fate at 16:30

News24
10 Oct 2018, 00:37 GMT+10

President Cyril Ramaphosa is concerned about the uncertainty being created in the financial markets around the fate of Finance Minister Nhlanhla Nene, his spokesperson said on Tuesday.

Speaking to News24, Ramaphosa's spokesperson Khusela Diko said Ramaphosa would make an announcement on Nene's fate at 16.30.

News24 will cover and stream the announcement live.

Diko said the president was worried about the implications for the country's "economic recovery and stability".

She confirmed that Ramaphosa and Nene had "engaged" on his testimony at the state capture commission of inquiry, during which he said that he had met with the Gupta family on several occasions.

"The president is obviously concerned about the uncertainty created in the financial markets, and the implications for the economic recovery and stability of the nation. He is applying his mind to the issues," she said.

On Monday, News24 reported that Nene asked Ramaphosa to relieve him of his duties. Business Day also reported this.

On Friday, Nene apologised for his visits to the Gupta family, and said he should have been upfront about them sooner.

Read more: Nene: I'm sorry, I was wrong in meeting the Guptas

An official told News24 on Monday that the engagement between the minister and the president happened telephonically. Diko said the president had been "briefed" on Nene's testimony and said the two had engaged on more than one occasion over the issue.

There have been calls for Nene to resign over his testimony, specifically from the EFF, which called his testimony a "horror show".

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Afghanistan Sun.

More Information

-1 ℃

Kabul

International

Section

Strasbourg Christmas market attacker killed after manhunt

STRASBOURG, France - The wide-spread and intense manhunt for the gunman who killed three people and left several others injured ...

U.S. Senate hands Trump a double defeat on Saudi Arabia

WASHINGTON, U.S. - The U.S. Senate handed the country's President Donald Trump a double defeat, after voting to not only ...

Man from Malaysia faces drug importation charges in Perth

PERTH, Western Australia - A 40-year-old Malaysian man appeared in the Perth Magistrates Court on Friday charged over the alleged ...

Australian police seize half-tonne of meth, arrest two teens

PARRAMATTA, Western Sydney, NSW, Australia - A 17-year-old boy appeared in Parramatta Children’s Court on Friday on charges relating to ...

Cohen handed three year prison sentence in Mueller probe

WASHINGTON, U.S. - A Manhattan Federal Court judge sentenced the U.S. President Donald Trump's former lawyer Michael Cohen to three ...

Warehouse with voting machines in Congo destroyed in blaze

KINSHASA, Congo - A massive blaze engulfed a warehouse in Congo on Thursday, destroyed a large number of machines and ...

Central Asia

Section

Movie Review

At Eternity's Gate

Featured story

Ireland's Keywords Studios acquires Canada's Snowed In

DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment. Keywords r ...