Ramaphosa To Make Announcement On Nene At 4.30pm

President Cyril Ramaphosa at the his Cape Town office. PICTURE: Presidency Spokesperson

CAPE TOWN: There have been calls for Nene to resign over his testimony, specifically from the EFF, which called his testimony a “horror show”.

President Cyril Ramaphosa is concerned about the uncertainty being created in the financial markets around the fate of Finance Minister Nhlanhla Nene, his spokesperson said on Tuesday.

Speaking to reporters, Ramaphosa’s spokesperson Khusela Diko said Ramaphosa would make an announcement on Nene’s fate at 4.30pm.

She did not say when the announcement would take place.

Diko said the president was worried about the implications for the country’s “economic recovery and stability”.

She confirmed that Ramaphosa and Nene had “engaged” on his testimony at the state capture commission of inquiry, during which he said that he had met with the Gupta family on several occasions.

“The president is obviously concerned about the uncertainty created in the financial markets, and the implications for the economic recovery and stability of the nation. He is applying his mind to the issues,” she said.