South African Finance Minister Nene Resigns Over Gupta Scandal

South Africa’s finance minister has resigned after acknowledging missteps during the scandal-tainted tenure of former president Jacob Zuma while testifying in a corruption inquiry.

Nhlanhla Nene resigned over discrepancies in his accounts of meetings with a business family at the heart of a corruption scandal, President Cyril Ramaphosa announced on Tuesday.

“I have decided to accept his resignation,” Ramaphosa told journalists in Cape Town.

Ramaphosa, who has pledged to clean up corruption and revive South Africa’s struggling economy, has appointed Tito Mboweni, a former head of the South African Reserve Bank, as the new finance minister.

Nene faced calls to resign after he admitted to visiting the Gupta brothers, friends of the former president Jacob Zuma who have been accused of high-level influence-peddling, and failing to disclose the meetings earlier.

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