The impacts of the widely broadcasted activities that South African citizens witnessed regarding the ‘Nenegate blunder’ will be felt hardest amongst the poor, and for many years to come. And this is with no thanks to President Jacob Zuma. President Zuma singularly decided to remove Minister Nene as South Africa’s Finance Minister in December 2015 — seemingly with no proper reason — and following this move, half a trillion Rand was wiped off the value of South African stocks and bonds in just two days.
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