ANC ‘still needs to discuss’ manner in which Nene was sacked

Investment management firm Allan Gray yesterday announced Nene's appointment as a non-executive director.

FILE: Former Finance Minister Nhlanhla Nene at President Jacob Zuma's update on the State of the Nation address in Pretoria on 11 August 2015. Picture: Reinart Toerien/EWN

JOHANNESBURG - The African National Congress (ANC)'s Economic and Transformation Committee says it still needs to discuss the manner in which former Finance Minister Nhlanhla Nene was fired from his government position in December.

Yesterday, investment management firm Allan Gray announced it has appointed Nene as a non-executive director.

President Jacob Zuma claimed that Nene would be the country's nominee for a new Brics Bank, but Nene's axing caused massive damage to South Africa's economy.

The ANC's Economic Transformation Committee says it has no problem with sharing its members' skills with the private sector.

Enoch Godongwana, who heads the committee, says Nene's talents will be missed.

"What may be disappointing in the case of Nene is that deployment has not yet come into fruition and he's human. In light of this thing not coming up as quickly as one would have expected, I must take whatever is available in this circumstance."

Godongwana says government can still invite Nene to meetings where crucial policy issues are discussed.

The Business Day newspaper is reporting Nene is considering other private sector jobs and has jokingly referred to his new appointment as 'the opposite of state capture'.

Zuma recently responded to questions in Parliament saying Nene had been nominated to head the Brics Bank.

"He is capable and that is precisely the reason [why] I thought he should contribute not just to the country, [but] to the continent [and] to the globe."

But the DA's David Maynier said this was a blatant lie.

"I don't think the president was ever serious about appointing the former minister to the Brics Bank. It was a blatant lie to cover up the removal of Nhlanhla Nene last year."

Allan Gray says it's happy to have someone with Nene's experience on board and it's looking forward to his strategic and leadership skills.

LISTEN: ANC Economics Transformation Committee on Nene's new job