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Ramaphosa names Nhlanhla Nene as new FFC chairperson

President Cyril Ramaphosa has appointed former Finance Minister Nhlanhla Nene as the new chairperson of the Financial and Fiscal Commission. What does this mean for South Africa's financial governance?

Ramaphosa names Nhlanhla Nene as new FFC chairperson

President Cyril Ramaphosa has appointed former Finance Minister Nhlanhla Nene as chairperson of the Financial and Fiscal Commission (FFC), effective immediately. Nene, who previously held the position of Finance Minister and has served in various other roles within the government, will serve as a full-time member on a five-year tenure.

Other members of the commission include Malijeng Ngqaleni as deputy chairperson, Bulelwa Dygrecia Nqadolo, Advocate Neo Khethang Tsholanku, Andrew Robert Donaldson, and Astrid Ludin, who will serve on a part-time basis. The FFC is an independent constitutional institution responsible for making recommendations to various government bodies on financial and fiscal matters.

Ramaphosa praised the new commissioners' expertise, experience, and institutional memory, stating that their inclusion will significantly benefit the Commission's objectives.

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