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Thread: Surprise! JZ appoints new Finance Minister

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    Site Caretaker Dave A's Avatar
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    Surprise! JZ appoints new Finance Minister

    In a surprise move that has caught everyone off guard, Jacob Zuma has removed Nhlanhla Nene as finance minister.

    Unsurprisingly, the Rand tanked on the news.

    I'm not buying the excuse that has been trotted out - Finance is a critical portfolio and you don't mess with it lightly.
    Anyone got a clue what the real thinking behind the move was?
    The trouble with opportunity is it normally comes dressed up as work.

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    Site Caretaker Dave A's Avatar
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    Looking around - Nene's shock removal pure political play - economists.

    Pretty much where my thinking was going.

    I'm afraid this President is going to go down in history as an absolute disaster for SA.

    #JZmustFall
    Last edited by Dave A; 10-Dec-15 at 01:07 PM.
    The trouble with opportunity is it normally comes dressed up as work.

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    I think Nene was to "tight fisted" to JZ's liking. He was replaced by a puppet that will not oppose the Nuclear Power deal.

    I would hate to see what the fuel price is going to do in January, despite oil being at its lowest price in years.

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    Moderator IanF's Avatar
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    Is there anyone in the ANC who will stand up to Zuma and have him recalled like they did to Mbeki?
    We are on the road to becoming another African mess.
    #Zumamustfall
    Only stress when you can change the outcome!

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    The downhill momentum is rapidly accelerating - somehow some drastic action is needed soon to stop this power monger who's currently destroying SA - we need a real leader to stand up and stop the rot - not sure where he/she will come from but doubt from within the ranks of the ANC.

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    Full Member Electrode's Avatar
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    My immediate concern would be the new investments towards stabilizing our Country's energy supply. There are rumours and conjecture that hint towards a more aggressive maintenance timetable to stabilize our existing infrastructure. This include streamlining expenses and perhaps a heavier hand was needed to help oversee the financial process. I personally believe some promises were made by government and conditions were laid out by investors to protect their investment. Or it could be something else entirely.
    DISCLAIMER - The above does not constitute to legal advice or formal advice in any manner or form

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    Moderator IanF's Avatar
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    One rumour I heard was he was p**sed off about the new plane being stopped. We will have to wait and see what the new guy does to find out the reasons.
    Only stress when you can change the outcome!

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    Full Member Electrode's Avatar
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    Quote Originally Posted by IanF View Post
    One rumour I heard was he was p**sed off about the new plane being stopped. We will have to wait and see what the new guy does to find out the reasons.
    There are numerous rumours at this point and very little information. The lack of transparency caused many to speculate. Corruption being one major concern and mismanagement being the other. South Africa cannot afford more mistakes, this is abundantly clear. As a country we are heading head first towards a financial disaster.

    I am however doubtful that we will know the real situation.
    DISCLAIMER - The above does not constitute to legal advice or formal advice in any manner or form

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    Platinum Member Marq's Avatar
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    My guess (Ok - its more than a guess its a serious hope)........he is battling a palace coup.
    The cost of living hasn't affected its popularity.
    Sponsored By: http://www.honeycombhouse.com

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    So RW Johnson said we had two years what six months ago? He was wrong, we had six months. Or maybe we have another six months. Maybe. But I have my doubts.

    PS I'm new here so hi everybody.

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