Nenegate: Zuma's R500 Billion Blunder
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Nenegate: Zuma's R500 Billion Blunder
On 9 December 2015, a little after 8pm, South African President Jacob Zuma committed the biggest blunder of his career. At the stroke of his pen, half a trillion rand was wiped off the value of South African stocks and bonds.
What followed was the biggest financial crisis South Africa has experienced since the advent of democracy.
Nenegate: Zuma's R500 Billion Blunder is a must-read analysis into Nenegate which pulls everything together in a fascinating story of public purse plundering. You will soon realise why former South African Finance Minister Nhlanhla Nene sacrificed his career by camping against a $100bn Nuclear Deal and blatant SAA boardroom corruption.
Alec Hogg provides fresh context on shadowy forces that motivated Zuma's R500bn blunder and whether re-instated Pravin Gordhan can rescue the Rand. This Special Report also includes Biznews.com's best Nenegate articles including contributions by RW Johnson, Floyd Shivambu and John Battersby.
