Zuma on Nenegate 'stooges' and never saying surrender
President Jacob Zuma relived Nenegate during a speech at the Africa National Congress Youth League (ANCYL) Economic Freedom Lecture at the Olive Convention Centre in Durban on Wednesday, saying the nation wasn't really aware of what was happening at the time.
"They called it the Nene disaster. But is the nation really aware of what is happening?" he said to a packed crowd of more than 2000 people.
He said in December last year, he took the decision to appoint a new minister.
"The monopoly capital and their stooges attacked me," he said.
Zuma was referring to the reshuffling of his cabinet last year where he removed then-Finance minister Nhlanhla Nene with the lesser-known Des van Rooyen. Van Rooyen remained in the position for two days amid a growing public backlash. He was then replaced with Pravin Gordhan who had served in the position in previous years. During the two days that Van Rooyen was in the position, the rand fell to an almost-record low.
Speaking about economic transformation, he said those that control the economy, control everything - even the media.
"They can paint you black, even if you are not," he said.
Those with economic power also had the power to buy people and those people would not refuse, Zuma added.
Zuma said the party was being hit hard, which in turn was "bringing doubt" to the voters. This was why they chose to boycott the municipal elections earlier this year, he said.
He said it was not wrong for the youth to call for economic freedom and challenged them to build the country. Zuma was referring to an earlier speech by ANCYL president Colin Maine.
Zuma also said that there were calls for him to resign, including from an "international chamber".
"I realised that I will not resign on my own, that would be surrendering to the white monopoly."
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation