Nene resigns, Tito Mboweni is new finance minister
The resignation of former finance minister Nhlanhla Nene has been accepted by President Cyril Ramaphosa. Former Reserve Bank governer Tito Mboweni was sworn in on 9 October as South Africa’s third finance minister in eight months. Nene had admitted, after first denying it, that he had met with the Gupta brothers several times – the Guptas are deeply implicated in the on-going state capture saga and their dealings are under scrutiny at the Zondo Commission for state capture.
