Nhlanhla nene
Zuma, Gupta family failed to capture Treasury, new Zondo report reveals
Commission chairperson and Chief Justice Raymond Zondo has formally handed part four of the state capture report to President Cyril Ramaphosa on Friday.
Former Trillian Capital and Regiments Capital employee, Mosilo Mothepu, on Thursday testified at the state capture commission that the two companies told state-owned entities (SOEs) what to do even though the SOEs were the clients.
Msilo Mothepu said when Regiments offered her a job back in 2015, it gave her a blank cheque for her salary and Eric Wood told her they had acquired “blue-chip public-sector companies”.
Nene resigned last year after pressure from opposition political parties and the public.
EFF leader Julius Malema said once his party pronounced on the fate of an individual, it would follow up until its word was fulfilled.
Former Finance Minister Nhlanhla Nene told the Zondo commission of inquiry that he visited the Guptas on eight occasions.
Former Finance Minister Nhlanhla Nene says he got an SMS from EFF's Floyd Shivambu as Treasury was deciding on the bank’s curatorship.
Nene first appeared before the commission last year giving details on the events that led to his shock axing in December 2015.
Catherine MacLeod said because Treasury attempted to stop projects that were fiscally unsustainable, investors became concerned.
On Monday, former Treasury Director-General Lungisa Fuzile concluded his testimony and largely corroborated the evidence of former Finance Ministers Pravin Gordhan and Nhlanhla Nene.
The group has been invited to give evidence at the Zondo commission after it made submissions in last September about alleged looting at National Treasury by former finance ministers.
Nhlanhla Nene was fired in 2015 and replaced by Des Van Rooyan, a move which sent markets into a tailspin.
Nhlanhla Nene was fired as Finance Minister in December 2015 in a move that sent the rand crashing and created fears that the economy could be downgraded to junk status.
Pravin Gordhan says he did, however, ask former President Jacob Zuma to commit to dealing with three issues, including the presence of Tom Moyane at Sars and Dudu Myeni at SAA.
The commission was meant to hear testimony from former African National Congress MP Vytjie Mentor and former Finance Minister Nhlanhla Nene on Thursday.
Nhlanhla Nene's surprise replacement with Des van Rooyen sent the country's economy into freefall until Pravin Gordhan was shifted back into the post.
President Ramaphosa says he’s happy with the work of the state capture commission.
ANC caucus spokesperson Nonceba Mhlauli says they will now start the process of filling Nhlanhla Nene's seat in the National Assembly.
It follows him stepping down as minister two weeks after testimony he gave at the state capture inquiry, admitting to having lied about meeting members of the Gupta family during his previous stint as minister.