South Africa's finance minister Nhlanhla Nene quits over Gupta scandal
Tuesday, October 09, 2018
President Cyril Ramaphosa said he accepted the resignation "in the interests of good governance".
The Guptas have been accused of working with former President Jacob Zuma to secure government contracts and determine cabinet appointments.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...