First Nene gets a new job, now a PhD
Earlier this week former finance minister Nhlanhla Nene was confirmed as a board member at Allan Gray, and on Wednesday MUT will confer an honorary doctorate on him.
|||Durban - It may well turn out to be a great week for former finance minister Nhlanhla Nene, who has been confirmed as a board member at Allan Gray, and with an honorary doctorate in sight on Wednesday.
Nene, who resigned as an ANC MP after his sacking, had been expected to take up a post to head the African region of the Brics bank before he was snapped up by Allan Gray as a non-executive director.
He is scheduled to be awarded an honorary doctorate in the finance field by the Mangosuthu University of Technology in uMlazi tomorrow.
The university said it had taken a decision to honour Nene before his shock axing in December and said it was in recognition of his efforts to “steer the South African economy through difficult times and ensure that state-owned companies survive and are on a sound financial footing”.
Allan Gray board chairperson, Ian Liddle, cited Nene’s experience in the finance services and within the public sector as a drawcard.
“We are happy to have someone of Nene’s experience on our board and we are grateful that he chose to accept the appointment.
“We are looking forward to his strategic and leadership contributions to the board,” Liddle said.
The DA wished Nene well in his new endeavours with the investment firm.
The DA’s finance spokesperson, David Maynier, said they welcomed his appointment and again hit out at President Jacob Zuma.
“The former minister has been treated shockingly by President Jacob Zuma and the ANC. The suggestion that he would be appointed to a position in the Brics Bank now looks like a blatant lie.
“The former minister did his best to do the right thing and hold the fort at National Treasury. We wish him well in his new position and hope that it will not be too long before he returns to public life in South Africa,” he said.
sihle.mlambo@inl.co.za
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