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Nhlanhla Nene defends his handling of the SAA saga

Nene says a controversial alternative to the airbus deal proposed by Dudu Myeni would’ve been disastrous.

Axed inance Minister Nhlanhla Nene. Picture: Reinart Toerien/EWN.

JOHANNESBURG - Axed finance minister Nhlanhla Nene says he does not regret his handling of the South African Airways (SAA) airbus deal adding that he acted in the best interests of the country.

Nene says he warned the airline's chairperson Dudu Myeni and her board of directors that they should go ahead with an agreed deal with French manufacturer airbus.

This was because missing the deadline would have disastrous implications as this would mean calling on state guarantees.

LISTEN: Zuma axes Nene: More questions than answers.

President Jacob Zuma announced last Wednesday that he would replace Nene with little known Member of Parliament David van Rooyen as finance minister.

Nene says he believes that he led the National Treasur y with distinction in his 18 months as finance minister and only acted to protect the fiscal standing of South Africa.

In an interview with the Sunday Times the axed finance minister has defended standing up to Myeni and says he is proud of his handling of the SAA saga.

He says a controversial alternative to the airbus deal proposed by the SAA chair would have been disastrous and had far reaching implications.

Meanwhile, the Presidency has lashed out at what it calls malicious rumours saying Zuma's relationship with Myeni is purely professional.