Kaya 959 Kaya Biz

Should Nhlanhla Nene resign?

Loading player...
Finance Minister Nhlanhla Nene has asked President Cyril Ramaphosa to relieve him of his duties. Reports say t that the finance minister approached the president over the weekend with the request. This comes as South Africans as well as political parties rejected his apology for previously undisclosed meetings with the Guptas at Saxonwold and their business premises in Midrand from 2010 to 2014. Serious questions are now being raised about Nene’s credibility, particularly over whether the Guptas had any role in his previous deployments as minister and deputy minister of finance, and whether he ever acted under their instruction.

Lebohang Pheko and Duma Gqubule join Gugulethu on the line to unpack this matter.
9 Oct 2018 6AM English South Africa Business News · Investing

Other recent episodes

Bitcoin at the Fed’s Crossroads

Bitcoin briefly touched a 12‑week high before pulling back—but with spot ETFs seeing some of their strongest inflows of the cycle, the market is shifting fast. Rob Price, CIO of Sound Money Capital, explains whether Bitcoin is still trading like a high‑beta macro asset or evolving into true sound money.
27 Apr 1PM 17 min

Oil’s Hidden Risks & Gold’s War Paradox

Oil is stuck near $90–95, but portfolio manager John Hasslet says the market is being held up by physical bottlenecks, not real fundamentals. He also unpacks why gold is falling during a major war and how inflation expectations are overpowering safe‑haven demand.
27 Apr 1PM 13 min

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min
All episodes