South Africa finance minister’s IMF journey eases fears over his future By EconomySquare

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© Reuters. FILE PHOTO: South Africa’s Finance Minister Nhlanhla Nene appears on forward of the Judicial Fee of Inquiry probing state seize in Johannesburg

JOHANNESBURG (Reuters) – South Africa’s finance minister is touring to Indonesia for an Worldwide Financial Fund (IMF) assembly, the Treasury mentioned on Tuesday, a press release that will soothe markets a day after a media report that he had requested the president to sack him.

The rand fell multiple p.c on Monday when Enterprise Day reported that Nhlanhla Nene had made the request after acknowledging he had visited the Gupta household, mates of former chief Jacob Zuma accused of unfairly profitable state contracts.

Each Zuma and the Guptas have denied any wrongdoing.

Nene, who publicly apologised for not beforehand reporting the visits to the Gupta brothers, has not made any statements confirming or denying the Enterprise Day report. The president’s spokeswoman informed Reuters his workplace was not conscious of any such request from Nene.

Treasury spokesman Jabulani Sikhakhane mentioned the finance minister was anticipated to reach in Indonesia on Wednesday. Nene is because of learn the mid-term finances later this month.

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