'We need to make sure we don't destroy what we have,' says Nhlanhla Nene

Former finance minister, Nhlanhla Nene, said he looks forward to his work at Allan Gray and hopes that the private and public sector will build stronger relationships.

Nene, whose axing in December 2015 caused an economic storm, was on Wednesday conferred with an honorary doctorate from Mangosuthu University in Umlazi.

702's Stephen Grootes (standing in for John Robbie) spoke to him regarding his future prospects and SOuth Africa's economy.

Listen to the conversation below:

We want young people who do not only pursue wealth, but who know that wealth comes with hard work and be prepared to serve the nation while putting their skills to good use.

Nhlanhla Nene, former finance minister

I look forward to a mutually beneficial relationship that Allan Gray has to offer me and I have to offer Allan Gray with the little experience I have.

Nhlanhla Nene, former finance minister

We need to improve the relationship between the private sector and public sector because at the end of the day, we serve the same South Africa and we bring in different dimensions to the relationship.

Nhlanhla Nene, former finance minister

Nene said he was surprised by the enormous reaction to his removal by President Jacob Zuma from his post. He credited the events which followed to a thriving and 'noisy' democracy.

I thought we'd be able to move on with life as a country and focus on what builds this country, but of course I was overwhelmed by the kind of reaction we got.

Nhlanhla Nene, former finance minister

We are a democracy after all, but as we move on, we need to make sure that we do not destroy what we have and focus on rebuilding our nation.

Nhlanhla Nene, former finance minister

The country is in good hands, we have a very resilient economy, the fundamentals are right, I have no reason to doubt that this storm will be weathered of course.

Nhlanhla Nene, former finance minister

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
Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

New app to detect hearing loss

New app to detect hearing loss

University of Pretoria has developed a new app which uses a smartphone to detect hearing loss.

UK prison officers manage to quell mass inmate riots

UK prison officers manage to quell mass inmate riots

Britain recorded the worst prison riots in 26 years after 600 inmates at a prison in Birmingham embarked on a 12-hour riot.

What we can expect from SABC after inquiry consolidates

What we can expect from SABC after inquiry consolidates

SABC's leadership and parliament has come under fire since the inquiry into the board's fitness to hold office.

Gauteng tops drunk driving offences since start of the festive season

Gauteng tops drunk driving offences since start of the festive season

Traffic authorities have arrested more than 3 000 people for various traffic offences, with drunk driving as the leading offence.

2016 news wrap: A look back at the stories that grabbed SA's attention

2016 news wrap: A look back at the stories that grabbed SA's attention

Barry Bateman spoke to Stephen Grootes to unpack the meaning behind the stories that dominated the headlines in 2016.

Popular articles
Thorough research needed before dagga given prescription drug status - PsychMG

Thorough research needed before dagga given prescription drug status - PsychMG

Psychiatric expert Dr Renata Schoeman challenges plans to recognise dagga as a prescription drug rather than a banned substance.

7 inexcusable reasons why people don't use condoms (when they should)

7 inexcusable reasons why people don't use condoms (when they should)

Dr. Eve explains the importance of condom usage and educates people about the transmission of sexually transmitted infections.

LISTEN: Tropical storm Dineo wreaks havoc and claims lives in Mozambique

LISTEN: Tropical storm Dineo wreaks havoc and claims lives in Mozambique

SA Weather Service says Dineo is expected to affect Limpopo, Mpumalanga and northern KZN.

KZN ANC calls for scrapping of provinces

KZN ANC calls for scrapping of provinces

The African National Congress (ANC) in KwaZulu Natal wants the provinces system scrapped and Cosatu backs this call.

New tender graft evidence has surfaced at City Power says Mayor Mashaba

New tender graft evidence has surfaced at City Power says Mayor Mashaba

Mashaba says new information about tender irregularities has come to light and he is unhappy with the previous investigation.

Ex-cyclone Dineo to hit Limpopo, Mpumalanga overnight - SA Weather Service

Ex-cyclone Dineo to hit Limpopo, Mpumalanga overnight - SA Weather Service

Despite the downgrade, residents in parts of Limpopo and Mpumalanga can still expect flooding and heavy rains.

I have suffered backlash from white people (and black people) - Kasi Mlungu

I have suffered backlash from white people (and black people) - Kasi Mlungu

Anita Ronge, famously known as Kasi Mlungu, talks music career, race and township lifestyle with Eusebius McKaiser.

100 scholarships up for grabs to deserving students

100 scholarships up for grabs to deserving students

Together, the SA and Hungarian governments are offering scholarships for students who want to do bachelor, masters, and PhD degrees.