STATE CAPTURE

IN FULL | Zuma, Guptas & the nuclear deal: Nhlanhla Nene's statement to the state capture inquiry

03 October 2018 - 15:31 By TimesLIVE
Nhlanhla Nene, the minister of finance, testifies at the Zondo commission of inquiry into state capture in Parktown, Johannesburg on October 3 2018.
Nhlanhla Nene, the minister of finance, testifies at the Zondo commission of inquiry into state capture in Parktown, Johannesburg on October 3 2018.
Image: Thapelo Morebudi

Finance Minister Nhlanhla Nene was fired by then-president Jacob Zuma for not toeing the line.

This was just one of the revelations made during his testimony at the Zondo commission of inquiry into state capture on Wednesday.

Nene, who said it took less than five minutes for Zuma to fire him, described how the former president and several of his senior ministers were hostile to him after he refused to sign the nuclear deal. 

He also confirmed Mcebisi Jonas's evidence in August that he had informed him of the Gupta offer to take Nene's job as finance minister - two months before Nene was axed in a cabinet reshuffle. He was returned to the finance portfolio by President Cyril Ramaphosa earlier this year.

Nene admitted to meeting members of the Gupta family on several occasions, including going to their house in Saxonwold and their offices in Midrand. However, he said he was not requested to do anything to benefit the Guptas, nor was he offered any inducement by the family. 

Nene also has denied that he used his position as chairman of the Public Investment Corporation improperly or to benefit his family.

Read his full statement below:

Finance Minister Nhlanhla Nene seemed to contradict himself when he testified at the state capture inquiry in Johannesburg on October 3 2018. In an exclusive interview with eNCA, Nene said he had only bumped into the Gupta family “once or twice” but, at the inquiry, he admitted to having met with the controversial family at their Saxonwold home on numerous occasions.

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