South African finance minister Nhlanhla Nene resigns
Johannesburg (CNN)South African President Cyril Ramaphosa accepted the resignation of the country’s finance minister Nhlanhla Nene on Tuesday, following what the President described as “errors of judgement.”
In a nationally televised address, Ramaphosa said he accepted Nene’s resignation because of “errors of judgment” as a result of a controversy surrounding Nene’s testimony in an ongoing graft inquiry in South Africa.
Ramaphosa announced that Tito Mboweni, a former South African Reserve Bank Governor, will replace Nene as finance minister.
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