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Mboweni’s appointment the best for SA

Nene should be remembered for his defiance of the Zuptas.

President Cyril Ramaphosa’s decision to accept Nhlahla Nene’s resignation and to appoint former SA Reserve Bank governor Tito Mboweni in his stead is probably the best decision for South Africa in the current political landscape.

Mboweni will bring not only integrity and respect to the finance ministry but also political influence. This is exactly what this critical agency needs.

His appointment may prove to be a stroke of genius within our current political context. Mboweni gained respect during his tenure as governor of the Reserve Bank. He was not in former president Jacob Zuma’s government, so remains untainted by the disgraceful shenanigans of that era. 

It seems apparent that Mboweni’s appointment didn’t go according to the script. Nene is one of the good guys. Yet he is one of the first high profile state capture casualties. This is not how he should be remembered.

Nene should be remembered as the finance minister who stood up against the Zuptas. He was the minister who refused to sign a ludicrously expensive nuclear deal because it wasn’t in South Africa’s interest to do so. Ironically, it was this defiance that ultimately led to his sacking by Zuma.

But despite all this Nene lied, and that sadly tarnishes his integrity.

In the greater context, many analysts and ordinary people are incensed that Nene has been sacrificed on the altar of integrity while other compromised ministers remain in Ramaphosa’s cabinet. In most cases, their conduct was much, much worse than Nene’s questionable judgement.

They have revealed their deeply questionable integrity by not offering their resignations to the president. But then again, why would they? Ramaphosa would have fired them months ago if he had the political authority do so.

I ask you, is it not ironic that Ramaphosa accepted Nene’s resignation but kept Malusi Gigaba in his post as finance minister for months to present his final budget speech, before moving him to another portfolio?

This begs the question. Who is in charge of South Africa? Is it the president? Is it an ANC faction? Or is it an ANC that is so afraid of the Economic Freedom Fighters that it doesn’t want to give Julius Malema any ammunition to use against it in next year’s election? Or is it a combination? Whatever it is, it is complicated and hurts our economy.

I appreciate Ramaphosa’s conundrum: he needs to keep the ANC ‘united’ in the run-up to a national election, but he also needs to ensure that South Africa can afford the opportunity cost.

The transition between a Zuma regime and a Ramaphosa regime was never going to be easy. Some political analysts even predicted that it would be a miracle if the ANC survives in its current form.

I still have full confidence in Ramaphosa’s ability to change South Africa’s moral, ethical and economic growth trajectory, and one of the critical building blocks to achieve this is to have ministers with untarnished integrity.

This is why Mboweni’s appointment is the best decision for South Africa.

With this decision, Ramaphposa has also set a precedent that may make the future sacking of other ministers and officials easier if their integrity is questioned.

It also underlines the value of integrity. It takes a lifetime to build but can be destroyed in a second with one questionable act.

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I have a lot of respect for Nhlahla Nene resigning for the sake of South Africa economical and geopolitical future. Unlike a lot of hypercritical politicians who have no shame and benefit out of his/her status.

Nene is a sacrifice to South Africa corrupted era. I hope he would continue to contribute to South Africa positively in the future.

Agreed. Compare him to prime evil Zuma, who to this day, maintains that he did absolutely nothing wrong. My concern is that the big skelms, such as Ace, Brown, Gigaba and Zwane continue to walk around free as if only Nene was involved.

I don’t trust Tito he is the one who wants to nationalize banks

Nene is a man of integrity, he should be an example to the other ANC cadres and ministers with Gupta money in their bank accounts. Will they come clean? Of course not! For them, corruption brings prosperity.
I hope Ramaphosa find a post for Nene where his qualities, knowledge & experience can be used.

I fully agree bring him back give him an important position, except finance.

Investigate Nene first before arriving at conclusions. He was a Zupta stooge. Enough said.

he and his cohorts cost SA a lot of money…probably getting a golden handshake as well.

Does anyone know Mbowenis stance on nationalizing the Reserve Bank? Whatever it is might be playing a a part in his new appointment.

4 Things about him,
He walks arm over the shoulders with Malema & Shivambo.
He supports 40% State stakeholding in mining companies.
He is pro State Bank.
He is pro Sovereign Wealth Fund.

Good or bad?

As governor of the reserve bank he was not aware that prime is 3.5 percent above repo.

In the greater context, many analysts and ordinary people are incensed that Nene has been sacrificed on the altar of integrity while other compromised ministers remain in Ramaphosa’s cabinet. In most cases, their conduct was much, much worse than Nene’s questionable judgement.

They have revealed their deeply questionable integrity by not offering their resignations to the president. But then again, why would they? Ramaphosa would have fired them months ago if he had the political authority do so.

This is EXACTLY why the ANC still has ZERO credibility and must be punished severely at the polls. Their half-a$$ed attempts to clean up their mess is completely unconvincing thus far.

Unfortunately if all ministers and high ranking cadres admitted of stealing money from the state or rigging tenders for their friends the ANC would still be elected to run the country by the voters.

To think Allan Gray appointed Nene as a director on their Board

Here is the sad reality check.
Regardless of the New Minister South Africa has to consolidate its past mess.

This is what they call fiscal consolidation and it’s going to hit hard.

Good luck Tito.

You could put Warren Buffet in that position and it would mean nothing because: (a) the ANC is inherently corrupt (at all levels) and (b) South Africa has breached all reasonable tipping points of survivability and now it is just a question of how long the terminal phase will be. Probably 10 + years but terminal it is. There is no rational counter for the tipping point i.e tourism, agricultural, mining etc.so it WILL happen, WHEN is the only question. Mboweni’s presence is simply an irrelevant footnote

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