How world sees SA: Ramaphosa under pressure to axe Gupta-cursed Nene

EDINBURGH — The London-headquartered Financial Times reports that President Cyril Ramaphosa is under growing pressure to fire Nhlanhla Nene, the finance minister who appeared to have fought against corruption in the Zuma era but in fact was involved in secret talks with the Gupta family. In addition, as The Sowetan reports, the public protector will investigate a possible breach of the executive code of ethics by Nene in connection with allegations surrounding a Public Investment Corporation investment in S&S Refinarias. This reportedly included a $1.7m 'referral fee'‚ which may have benefited the minister's son‚ Siyabonga Nene, says The Sowetan. The graft scandal that has erupted around Nene is bad news for South Africa's credit rating status, cautions the FT, as the world braces for another finance minister. – Jackie Cameron

By Thulasizwe Sithole

South African president Cyril Ramaphosa is under growing pressure to remove his finance minister, Nhlanhla Nene, for failing to disclose meetings with the business family at the centre of the country's biggest post-apartheid scandal, reports the Financial Times.

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