S.Africa's Zuma says reaction to sacking finance minister "an exaggeration" - CNBC Africa

S.Africa's Zuma says reaction to sacking finance minister "an exaggeration"

Southern Africa

by Reuters 0

S.Africa's Zuma says reaction to sacking finance minister "an exaggeration".

South Africa's President Jacob Zuma said the reaction to his decision to sack Nhlanhla Nene as finance minister in December had been an exaggeration.

The president last month changed finance ministers twice in a week, sending the rand plummeting, alarming investors and triggering financial turmoil.

"I think there was an exaggeration in terms of the reaction," Zuma told ENCA television in an interview aired on Sunday, without going into further details.

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