The Mail&Guardian and amaBhungane reported in 2014 that Siyabonga Nene, the son of Nhlanhla Nene, asked the Public Investment Corporation (PIC) to fund a major investment S&S Refineries, a Mozambique-based oil company.
It reports Nene and businessman Amir Mirza were directors of Indiafrec Trade and Investment.
At the time of this occurrence, Nhlanhla Nene was deputy finance minister and chairperson of the PIC.
These reports come hot on the heels of Nene's denials of any wrongdoing at the State Capture Commission and threats by the Economic Freedom Fighters (EFF) on Monday that they would expose the finance minister and reveal just how dodgy he is if he didn't resign after testifying.
Political analyst at Xubera Institute for Research, Xolani Dube describes three kinds of lies as "lies then; actual lies and the ANC now."
The issue of Nhlanhla Nene singles him out as the only person who has misled society. Remember a very interesting saying by Bathabile Dlamini when she said there are a lot of skeletons that might be coming out of the closet.— Xolani Dube, Political Analyst at Xubera Institute for Research
I think now things are starting to happen and I think Nene is a representation or re-represents what happening currently. The ANC must look at itself and if they say Nene is not fit for office, there might be other people that are not fit for office.— Xolani Dube, Political Analyst at Xubera Institute for Research
In a statement released a short while ago, Nene conceded that he was wrong for meeting the family at those locations and not at his office or a public place.
Dube says Nene's apology is an admittance that he misled the society and it is an admittance that he lied to society and even lied under oath.
He says the statement also shows that there is an element of resistance of not wanting to resign and South Africans have forgiven many politicians who go out and do things deliberately.
Listen below to the full interview: