National Treasury (South Africa)

Most notably, Nhlanhla Nene was suddenly dismissed on 9 December 2015, without explanation, and replaced with a relatively unknown parliamentary back-bencher from the ruling ANC's caucus, David 'Des' van Rooyen[1] for a record-total of 3 days.

He was, in turn, replaced by Pravin Gordhan after the President faced significant pressure from political and business groups over the move.

[3] Following Zuma's resignation, President Cyril Ramaphosa returned Nhlanhla Nene as Minister in his cabinet reshuffle on 26 February 2018.

[4] The Treasury has been responsible for South African Airways since December 2014[5] In 2017, a whistleblower notified the U.S. Securities and Exchange Commission and US Department of Justice, alleging possible violations of the Foreign Corrupt Practices Act in awarding of a R1 billion (2015) (equivalent to R1.17 billion or US$88.54 million in 2018)[6] contract to the Oracle Corporation by National Treasury in 2015.

[7] In March 2024, the Special Investigating Unit found that there were conflicts of interest, irregular processes, and non-compliance with policies and legislation, and said it would petition to blacklist Oracle in South Africa, cancel the contract and recover the money paid.

Coat of arms of South Africa
Flag of South Africa
Flag of South Africa