Nene: Govt, private sector must work together to build SA

Nhlanhla Nene says he's happy in his new role at Thebe Investment Corporation as a resident advisor.

FILE: Former Finance Minister Nhlanhla Nene. Picture: GCIS.

JOHANNESBURG - Former Finance Minister Nhlanhla Nene says the private sector and government should work together towards common values that serve to build the country

He was speaking at the Gordan Institute of Business (Gibs) in Johannesburg this evening where he participated in a panel discussion about trust in business.

Nene, who was abruptly fired as Finance Minister in December last year, says he is happy in his new role at Thebe Investment Corporation where he serves as a resident advisor.

#GIBSForum The theme: Driving trust the new competitive differentiator for business. MK pic.twitter.com/cdn6xriMaE



He made time to poke fun at himself and his time in public office.

"I heard stories about state capture and I wasn't too sure that my move to the private sector is also corporate capture."

But Nene spoke firmly about the need for strong leadership and ethical behaviour in business and government.

He also spoke of the differences he's noted since returning to the private sector as compared to government.

"Trust between the business and its clients is so critical that if you slip, you get punished - unfortunately in politics it takes five years before you get really punished."

Nene says people often quote leaders such as Mahatma Ghandi and Nelson Mandela because we are running out of living role models.