President Cyril Ramaphosa announced the resignation of former Finance Minister Nhlanhla Nene. Nene will be replaced by former Reserve Bank Governor Tito Mboweni.
The president is making a public statement on developments surrounding Nhlanhla Nene.
The president has faced mounting calls to axe Nhlanhla Nene after he apologised on Friday for holding a series of meetings with the Guptas at their home and business.
The Presidency has confirmed that President Cyril Ramaphosa and Finance Minister Nhlanhla Nene have engaged since Nene's testimony at the state capture commission of inquiry to decide on the way forward.
The Democratic Alliance (DA) asked the Public Protector to investigate Finance Minister Nhlanhla Nene.
Outa is the latest organisation to criticise Finance Minister Nhlanhla Nene for lying about his meetings with the Guptas during his time as deputy Finance Minister.
By Dr Jack & Curtis.
The minister is expected to travel to Indonesia on Tuesday to represent South Africa at the annual meeting of the International Monetary Fund and the World Bank.
The federation has told Eyewitness News that Finance Minister Nhlanhla Nene must pay the price for misleading South Africans.
During his testimony, the minister confirmed that he met with the Guptas on several occasions at their Saxonwold home.
The 'Business Day' is reporting on Monday morning that Finance Minister Nhlanhla Nene approached President Cyril Ramaphosa at the weekend with the request.
The DA says that President Ramaphosa needs to act before the mid-term budget speech, which Finance Minister Nene is expected to deliver in Parliament at the end of this month.
The DA says Ramaphosa needs to break his silence on the matter before the mid-term budget policy statement is presented in Parliament.
The PSA says despite the Nene's denials of wrong doing, these latest revelations related to his conduct need to be thoroughly investigated.
Finance Minister Nhlanhla Nene an apology on Friday after revealing at the Zondo commission of inquiry this week that he visited the controversial family on numerous occasions between 2010 and 2014.
The Finance Minister's apology for meeting the Guptas at their home hasn't exactly convinced South Africans, many who have concluded that Nhlanhla Nene is just as corrupt as others implicated in state capture.
Finance Minister Nhlanhla Nene has apologised for meeting with the Gupta family.
Questions have emerged over Finance Minister’s Nhlanhla Nene’s role in a R900 million Public Investment Corporation (PIC) deal which is linked to his son Siyabonga Nene.
