ShapeShifter

The life and times of former Minister of Finance Nhlanhla Nene

My dad was a teacher and my mother was a nurse.

Nhlanhla Nene

It [faith] is the anchor of my life...

Nhlanhla Nene

You could see it [his removal as Finance Minister] coming. So I was ready for it…

Nhlanhla Nene

When President Jacob Zuma fired former Minister of Finance Nhlanhla Nene on 9 December 2015, it heralded the start of instability never before seen in democratic South Africa.

The rand plummeted, and kept on falling, until the re-appointment of Pravin Gordhan as Finance Minister a few days later.

The FTSE/JSE financial 15 index plummeted by 13.36% while the FTSE/JSE banks index lost 18.54%.

Before the dust settled, R169.6 billion of value was wiped from the JSE.

The Money Show’s Bruce Whitfield interviewed Nene for this weekly “ShapeShifter” feature.

Nene discussed his life growing up and his eventful career.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I’m aging in style!

Nhlanhla Nene

Perhaps it takes reaching the bottom to be able to pick up the pieces.

Nhlanhla Nene

This is the first time we have an Eskom board endorsed by the entire nation.

Nhlanhla Nene

I was humbled by the reaction of South Africans on that day [when he got fired as Finance Minister]...

Nhlanhla Nene

We still have that wealth of integrity [at Treasury]… there is some erosion… but it would take a lot of doing to dismantle the institution that was built over many years…

Nhlanhla Nene

It [Kranskop, KZN] is home.

Nhlanhla Nene

I went to Parliament in 1999.

Nhlanhla Nene

All my tertiary studies was done while I was already in Parliament.

Nhlanhla Nene

I was truly grateful for the opportunity to serve South Africa.

Nhlanhla Nene

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

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
Hate plastic? Grocer Nude Foods doesn’t have any of it! It’s also cheaper…

Hate plastic? Grocer Nude Foods doesn’t have any of it! It’s also cheaper…

The concept is not new, or a hipster fad. The Money Show’s Bruce Whitfield interviews Nude Foods founder Paul Rubin.

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

Private schooling for your kids (at a low price unheard of just a few years ago)

Private schooling for your kids (at a low price unheard of just a few years ago)

The Money Show’s Bruce Whitfield interviews SPARK Schools cofounder and CEO Stacey Brewer.

We’re in the business of serving black people with dignity - APM CEO

We’re in the business of serving black people with dignity - APM CEO

The Money Show’s Bruce Whitfield interviews Africa People Mover (APM) founder and CEO Tumisang Kgaboesele.

Meet Phumzile Langeni, tasked by the President to raise R1.2trillion (TRILLION!)

Meet Phumzile Langeni, tasked by the President to raise R1.2trillion (TRILLION!)

You may not have heard of Langeni, but she has one of the hardest and most important jobs in SA. Bruce Whitfield interviews her…

Like KFC? Of course you do! Meet Doug Smart, its Managing Director in Africa

Like KFC? Of course you do! Meet Doug Smart, its Managing Director in Africa

Bruce Whitfield interviews Smart who, at the age of 52, is retiring, and looking forward to a more “purposeful” second life.

Popular articles
[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Human trafficking: The life of drugs and prostitution - Grizelda Grootboom

Human trafficking: The life of drugs and prostitution - Grizelda Grootboom

The author of Exit, Grizelda Grootboom, explains how she was trafficked, drugged and sold for sex on the streets of Joburg.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

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?