South African finance minister Nhlanhla Nene resigns
October 10, 2018 | World | No Comments|
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.