Finance Minister Nhlanhla Nene to reveal all on why Jacob Zuma axed him

Finance Minister Nhlanhla Nene to reveal all on why Jacob Zuma axed him

- Finance Minister Nhlanhla Nene will be revealing all when he testifies at the state capture inquiry

- According to Nene, the then-president Jacob Zuma got angry when his plans weren't approved by the National Treasury

- Nene says that he was fired because he did not want to play along with Zuma's R6 trillion nuclear deal

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South Africa's Finance Minister, Nhlanhla Nene, will be spilling all the beans about why exactly he was fired by former president Jacob Zuma in 2015.

According to Nene, he was pressured about approving a R1.6 trillion nuclear deal. Zuma also wanted the National Treasury to fun other projects that were not really affordable.

Just before he was axed, Zuma accused Nene and Lungisa Fuzile, former Treasury director-general, of standing in the way of big deals he needed approved.

A TimesLIVE report indicates that the Treasury refused to issue a guarantee for PetroSA, who wanted to obtain a controlling stake in Engen at double its actual value.

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Nene's testimony comes as proof that was requested by Raymond Zondo regarding the nuclear deal.

When Nene and Fuzile said the proposed 9,600MW nuclear procurement programme wasn't financially feasible, Zuma got angry and said the Treasure is "torpedoing" projects that he wanted approved.

The deal was approved anyway.

Another claim that Nene is expected to back is that of Mcebisi Jonas, who informed him of a meeting with one of the Gupta brothers in which the Finance Minister position was offered to him.

READ ALSO: President Ramaphosa under pressure to fire Bathabile Dlamini after ConCourt ruling

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Source: Briefly.co.za

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