His qualifications include a B.Com honours in economics and an advanced diploma from the University of the Western Cape‚ as well as a University of South Africa qualification in economic policy.
From the University of London he has a certificate in macro and micro economics.
After returning to his role as finance minister‚ Nene vowed to trace and recover money stolen from the state through state capture.
“Perhaps at times we underestimate the damage that state capture did. If you look at state-owned companies‚ that is where our biggest challenge is at the moment because had it not been for that‚ their base would not have been as eroded to the stage that they are. We are faced with rebuilding those SOEs that have been most affected‚” Nene said.
During the presidency budget vote earlier this year‚ EFF leader Julius Malema claimed Nene was “corrupt as hell”‚ questioning whether he had met with dubious business people and had intervened on their behalf.
Times Select on Tuesday reported that Nene had a number of meetings with the Guptas to discuss‚ among other things‚ the Public Investment Corporation (PIC) deal with Iqbal Surve’s Sekunjalo Investment Holdings.
The EFF has become a torn in his side‚ accusing him of being corrupt. They have threatened to release what they have on him should he not resign.