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DA not surprised by Nhlanhla Nene's resignation

DA leader, Mmusi Maimane says Zuma must account for his decision to remove Nene as Finance Minister.

DA leader Mmusi Maimane delivered a race speech on Tuesday at the Apartheid Museum. Picture: Vumani Mkhize/EWN.

JOHANNESBURG - The Democratic Alliance (DA) says it's not surprised by former Finance Minister Nhlanhla Nene's resignation as a Member of Parliament, adding that the announcement by president Jacob Zuma of his deployment to the BRICS bank was a mere fabrication.

The African National Congress (ANC) confirmed that Nene tendered his resignation in December, just days after he was sacked from his post but it was only processed by the office of the speaker last month.

His axing was described by the president as a move to send him to Shanghai, as the country's nomination for the head of the African Regional Centre of the BRICS bank.

However, DA leader, Mmusi Maimane says Zuma must account for his decision to remove Nene as Finance Minister.

"It's always been obvious that president Zuma fabricated a story. There's absolutely no evidence at this point in time that minister Nene is going to be at the BRICS bank, and therefore, ultimately, it was a decision that president Zuma, under different pressures, took to fire Mr. Nene from the portfolio."

Zuma has received relentless backlash for the sudden move which saw the rand in freefall and investor confidence taking a dip.

The president explained Nene's axing as a move to send him to Shanghai as the country's nomination for the head of the African Regional Centre of the BRICS bank.

The ANC's Moloto Mothapo said, "Yes we can indeed confirm that former Minister of Finance has tendered his resignation. His letter doesn't provide specific reasons, so we're in a position to provide any."

The unexpected move late last year to replace Nene with David van Rooyen raised concerns and the rand was affected.

Zuma then changed his mind and reappointed Pravin Gordhan as finance minister.