Nhlanhla Nene Makes Comeback as South African Finance Chief


South Africa’s new president, Cyril Ramaphosa, made sweeping changes to the cabinet, bringing Nhlanhla Nene back as finance minister more than two years after his late-night firing rocked the rand.

The reshuffle announced Monday by Ramaphosa in the capital, Pretoria, marked a dramatic comeback for Nene, who was dismissed by former President Jacob Zuma in December 2015. David Mabuza, the deputy leader of the African National Congress, will become deputy president.

Photographer: Waldo Swiegers/Bloomberg

The shakeup came 11 days after Ramaphosa was elected president in place of Zuma, who was forced to resign under pressure from the ANC.

“These changes are intended to ensure that national government is better equipped to implement the mandate of this…

Read More

320ro

Comments

comments