New finance minister, David van Rooyen, has promised to make Treasury "more accessible" at his swearing in ceremony at the Union Buildings.
702's Xolani Gwala spoke to EWN reporter, Barry Bateman, about the details of the ceremony which took place at the Union Buildings after the announcement of the removal of Nhlanhla Nene.
Listen to the interview below:
He hasn't received a welcoming response and it's not his fault, there was no explanation from President Zuma.— Barry Bateman, EWN reporter
He'll be meeting with his finance team tomorrow for the first time. Thereafter, there will be some significant media engagement.— Barry Bateman, EWN reporter
As South Africans continue to express their thoughts on the sacking of Nhlanhla Nene as finance minister, Bruce Whitfield gives some insight into the effect of the news on South Africa's performance in the markets.
Listen to the coversation below:
The cost of living goes up, the cost of food goes up. You throw that into the pot with the looming drought next year effecting the price of basic food.— 702's Bruce Whitfield
The currency is at the lowest levels in history... The confidence that has evaporated out of the bank shares and insurance shares today is terrifying.— 702's Bruce Whitfield