The ANC comments on Nhlanhla Nene's new job

The African National Congress's Economic Transformation Committee says the former Finance Minister's skills will be missed, but they can still invite him to participate in the policy debate.

Former Finance Minister, Nhlanhla Nene, has been appointed as a non-executive director at investment management firm Allan Gray.

Nene was fired from his position as finance minister in December and was replaced by Des Van Rooyen, until Pravin Gordhan was re-appointed to the post.

Xolani Gwala finds out from Enoch Godongwana, ANC's head of the economics transformation committee, if the committee is not concerned about losing Nene's skills to the private sector.

If you know in some of those countries which are called developmental countries, there is what is called a movement between the private sector and public sector; the sharing of skills, that in itself is not a major problem, it becomes a problem when you're constrained as a public sector, in terms of the availability of skills.

Enoch Godongwana, ANC's head of economics transformation committee

That matter is the matter which was discussed by senior officials of the ANC. It was not part of out committee.

Enoch Godongwana, ANC's head of economics transformation committee

From the policy perspective, we are not going to miss Mr Nene because we can invite him anytime to participate in the policy debate.

Enoch Godongwana, ANC's head of economics transformation committee

Listen to the conversation below...

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Activists to join forces for nationwide campaign against gender violence

Activists to join forces for nationwide campaign against gender violence

After the success of Friday's #NotInMyName march, organisations vow to combine their efforts and take mass action nationally.

Redi’s stepping off 702 drive and heading in a new direction

Redi’s stepping off 702 drive and heading in a new direction

An exciting new direction in her journey means the popular presenter needs to step off of her daily afternoon drive show.

Will recalling Zuma be on the ANC NEC agenda?

Will recalling Zuma be on the ANC NEC agenda?

Deputy President Cyril Ramaphosa has already indicated that there’s a need for the ANC to discuss calls for Zuma to leave office.

Betrayal of the Promise Report: Academics connect the dots of state capture

Betrayal of the Promise Report: Academics connect the dots of state capture

This explosive report exposes the systemic methodical capture of the state, and mentions names believed to be involved.

Plans to switch traffic cops to essential services for 24/7 visibility

Plans to switch traffic cops to essential services for 24/7 visibility

The Transport Ministry says the move will help increase the visibility of traffic cops on SA's roads, to better monitor safety.

Entebbe–Kampala Expressway set to ease transportation for tourists to Uganda

Entebbe–Kampala Expressway set to ease transportation for tourists to Uganda

The Entebbe–Kampala Expressway will be a major boost to Uganda's economy and infrastructural development, says Nikiwe Bikitsha.

Popular articles
Tebogo "ProVerb" Thekisho opens up about money

Tebogo "ProVerb" Thekisho opens up about money

What is rapper ProVerb’s attitude to the stuff that makes the world go ‘round (hopes and fears, successes and failures, etc.)?

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

5 most important years in anyone’s life (when it comes to investing)

5 most important years in anyone’s life (when it comes to investing)

How old are you? Financial advisor Warren Ingram discusses the five most important ages in anyone’s investment career.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 reasons why the tourism industry is sceptical about the latest numbers

5 reasons why the tourism industry is sceptical about the latest numbers

The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.