Finance Minister To Prioritise Private And Public Sector Clean-up

PICTURE: Council on FR

JOHANNESBURG: Finance Minister Nhlanhla Nene says rooting out corruption at private and government institutions is his top priority.

He spoke to delegates at the Federation of Unions of South Africa (Fedusa) conference. This was his first public speech since his reappointment to cabinet following President Cyril Ramaphosa’s reshuffle last week. Nene said he will be working around the clock to address challenges in state owned entities.

The minister further added that he has already met with key stakeholders to address some of the problems the country has been faced with. SOEs have been a concern following state capture allegations in various government departments.

Eskom is currently being investigated by parliament’s public enterprise committee following the State of Capture report by former Public Protector Thuli Madonsela, who found that some executives at the power utility had untoward links with the controvercial Gupta family. The family is at the center of these allegations.

“We are at a point where we need to look back and reflect on a number of events that have unfolded. We have seen the country going in the direction that some of us began to feel that we were not serving the generations that will come after us.” Nene added.