Should Nhlanhla Nene resign?

Loading player...
Finance Minister Nhlanhla Nene has asked President Cyril Ramaphosa to relieve him of his duties. Reports say t that the finance minister approached the president over the weekend with the request. This comes as South Africans as well as political parties rejected his apology for previously undisclosed meetings with the Guptas at Saxonwold and their business premises in Midrand from 2010 to 2014. Serious questions are now being raised about Nene’s credibility, particularly over whether the Guptas had any role in his previous deployments as minister and deputy minister of finance, and whether he ever acted under their instruction.

Lebohang Pheko and Duma Gqubule join Gugulethu on the line to unpack this matter.
9 Oct 2018 3AM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 2025 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 2025 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 2025 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 2025 10AM 20 min