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Zuma removes Nene as Finance Minister. MP David van Rooyen steps in.

by Mfuneko Toyana

South African president Jacob Zuma removed finance minister Nhlanhla Nene from his position on Wednesday, saying the minister would be redeployed.

Former South African Finance Minister Nhlahla Nene has been replaced by David van Rooyen.
Former South African Finance Minister Nhlahla Nene has been redeployed by President Jacob Zuma and been replaced by Member of Parliament David van Rooyen.

“I have decided to remove Mr Nhlanhla Nene as Minister of Finance, ahead of his deployment to another strategic position,” the president said in a statement.

“I have decided to appoint a Member of Parliament, Mr David Van Rooyen, as the new Minister of Finance,” the statement read.

Statement from the Presidency

I would like to announce changes to the Finance portfolio in Cabinet.
I have decided to remove Mr Nhlanhla Nene as Minister of Finance, ahead of his deployment to another strategic position.
Mr Nene has done well since his appointment as Minister of Finance during a difficult economic climate.
Mr Nene enjoys a lot of respect in the sector locally and abroad, having also served as a Deputy Minister of Finance previously.
I have decided to appoint a Member of Parliament, Mr David Van Rooyen, as the new Minister of Finance. Mr Van Rooyen serves as a Whip of the Standing Committee on Finance and as Whip of the Economic Transformation Cluster.
He is a former Executive Mayor of Merafong Municipality and a former North West provincial chairperson of the South African Local Government Association.
I wish Mr Van Rooyen all the best in this new appointment.
The new deployment of Mr Nene will be announced in due course.
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