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Zuma's sacking of Nene left Treasury in shock, state capture inquiry told

Nhlanhla Nene was fired in 2015 and replaced by Des Van Rooyan, a move which sent markets into a tailspin.

FILE: Former Finance Minister Nhlanhla Nene. Picture: AFP

JOHANNESBURG – Former chief director of communications at National Treasury Phumza Macanda has described the mood at the institution on the morning after Nhlanhla Nene was fired, saying that there was a sense of mourning and confusion.

Macanda is testifying at the state capture commission.

Nene was fired in 2015 and replaced by Des Van Rooyan, a move which sent markets into a tailspin.

It forced the then-President Jacob Zuma to reappoint Pravin Gordhan to the finance ministry.

Macanda says many Treasury employees were confused after Nene was fired.

“We were in shock. There was almost a sense of mourning within Treasury that morning. A lot of us did not know what to make sense of the developments, we were really in shock and we were just standing around, talking to each other.”

WATCH: Mzwanele Manyi returns to state capture inquiry

(Edited by Leeto M Khoza)