Nhlanhla Nene Biography
Nhlanhla Nene Bio
|Nhlanhla Musa Nene was born on 5 December 1958. He is the Minister of Finance of South Africa, appointed on 27 February 2018. He previously served as Minister of Finance from 25 May 2014 until his controversial removal by former President Jacob Zuma on 9 December 2015. Before that, he served as the Deputy Minister of Finance in the Cabinet of South Africa from November 2008 to May 2014, as chairperson of the Finance Portfolio Committee in the South African Parliament, and as a Member of Parliament for the African National Congress (ANC) starting in 1999. His home is in Kranskop, KwaZulu-Natal.|
|Nhlanhla Nene Age||5 December 1958in Kranskop, South Africa|
|Nhlanhla Nene Wife||Lisa Nene (m. 1987-to date)|
|Nhlanhla Nene Children||Siyabonga (son) and Nkosingiphile (Daughter)|
|Political party||African National Congress|
|Education||University of Western Cape|
|Minister of Finance|
|Assumed office 27 February 2018|
|Preceded by||Malusi Gigaba|
|In office 26 May 2014 – 9 December 2015|
|Preceded by||Pravin Gordhan|
|Succeeded by||David van Rooyen|
Nhlanhla Nene Education
Nene holds a B.Com Honours degree in Economics from the University of Western Cape. He also obtained a Diploma in Marketing Management; an Advanced Diploma in Economic Policy from the UWC; a Certificate in Economic Policy from the University of South Africa; and a Certificate in Macro and Micro Economics from the University of London. He also attended a Course in Evaluating Macroeconomic Strategies in 2000 at Williams College (CDE), MA, USA. He enrolled at Gcothoyi Adult Centre.
Nhlanhla Nene Family
Nene’s wife is Lisa with whom he has two children a son, Siyabonga (20), an IT graduate and her Daughter Nkosingiphile (27). Her daughter has a granddaughter Abelo (2).
Nhlanhla Nene Career
Nene was active in student politics in the 1970s and became a member of African National Congress (ANC) Regional Executive Committee, Bambatha region where he became a Chairperson of the Bambatha Branch.
He worked as a Regional Administrative Manager for Metropolitan Life Insurance for 15 years. He became a labour union shop steward and led a negotiating team for better working conditions during the period 1990 to 1995, and he organised the first ever strike in the financial sector, under the banner of SACAWU, while working at Metropolitan Life Insurance Company in 1990.
He served as regional secretary of ANC Ukhahlamba region from 1997 until 2000 and as a chairperson of Kranskop Policing Forum from 1997 to 1999. He became ANC Local Government councillor and caucus chairperson from 1996 until 1999 and chairperson of Ntunjambili Development Forum from 1994 until 1999.
He became a Member of Parliament in 1999, and as an MP was a co-chairperson of Joint Budget Committee from October 2002 to August 2005 and a chairperson of the Portfolio Committee on Finance from 2005 until 2008.
Nhlanhla Nene Political career
As a new Member of Parliament, Nene served on the finance committee, which Barbara Hogan chaired between 1999 and 2004. He has said he had a great deal of respect for her and her “no-nonsense” ways.
Nene held the Chair of the Joint Budget Committee and is currently a member of the ANC Regional Executive Committee for the Bambatha region. Previously he has held the position of ANC Secretary for the Bambatha region. As chairman of the portfolio finance committee, he has said that it is “not proper” for parliament to be involved in the process of drafting the budget, adding “Parliament has oversight responsibility concerning the budget so [our effectiveness] depends on how well we use the parliamentary process.” In 2008 when Parliament passed legislation that would give them more control over budgeting, Nene expressed concern, stressing that “utmost care should be taken that parliament does not undermine macroeconomic stability.”
Earlier, he had been mentioned as a possible successor to Finance Minister Trevor Manuel in a possible Jacob Zuma-led ANC administration in 2009. In November 2008 President Kgalema Motlanthe appointed Nene as South Africa’s Deputy Minister of Finance. Nene replaced Jabu Moleketi, who resigned after the recall of president Thabo Mbeki. Nene was named the new Minister of Finance on 25 May 2014. Nene status as to whether he is either the first or the second black Minister of Finance of South Africa is disputed.
Financial analysts hailed nene as a good finance minister who criticised several government spending plans, including a plan to build several nuclear plants.
Nhlanhla Nene 2008 Chair mishap
In 2008 he became an online hit after a 26-second clip of him falling from a chair during a television interview was posted on the video website YouTube.
The chair malfunction occurred while Nene was answering questions concerning Finance Minister Trevor Manuel’s mini-budget on the programme View from the House. On the video, the chair cracks audibly, causing Nene to wince, though he kept speaking. Twelve seconds after the cracking sound the chair failed catastrophically, causing Nene to fall backwards, his hands grabbing at the desk as the chair collapsed beneath him. Presenter Hayden Fitzpatrick managed to keep stone-faced as the camera switched quickly to her. The program then went to a commercial break while the producers ascertained Nene’s condition. He was unharmed, and the interview continued, with Nene in a different chair.
The incident led to an apology from the South African Broadcasting Corporation after the clip was leaked onto the internet. SABC spokesman Kaizer Kganyago called the event “unforeseeable and an accident,” adding that “Mr Nene must be applauded for being a true professional. He carried on with the interview after a short ad break.” The video was viewed 498,000 times on 27 October 2008 and was shared on viral video websites and social networks.
Though Nene has said that the incident would not be good for the public image he later joked about it, stating that he had asked colleagues not to refer to his job title of Chair of the Committee while in his company. One colleague quipped that perhaps Nene should give up his chairmanship of the portfolio finance committee to lead a standing committee instead. Media requests swamped Nene’s office, and Nene stated he no longer wished to talk about the matter. He denied that his weight was responsible for the chair’s failure, saying “I know I am heavy, but I sit on these chairs all the time. It can’t be my weight.” He indicated that his children have been teased about the incident at school by classmates, and he reportedly sought legal advice concerning his rights and options regarding the way the video was leaked.