Political Career
As a new Member of Parliament, Nene served on the finance committee, which Barbara Hogan chaired between 1999 to 2004. He has said he had a great deal of respect for her and her "no nonsense" ways.
Nene held the Chair of the Joint Budget Committee and is currently a member of the ANC Regional Executive Committee for the Bambatha region. Previously he has held the position of ANC Secretary for the Bambatha region. As chairman of the portfolio finance committee, he has said that it is "not proper" for parliament to be involved in process of drafting the budget, adding "Parliament has an oversight responsibility with regard to the budget so depends on how well we use the parliamentary process." In 2008 when Parliament passed legislation that would give them more control over budgeting, Nene expressed concern, stressing that "utmost care should be taken that parliament does not undermine macroeconomic stability."
Earlier, he had been mentioned as a possible successor to Finance Minister Trevor Manuel in a possible Jacob Zuma-led ANC administration in 2009. In November 2008 President Kgalema Motlanthe appointed Nene as South Africa’s Deputy Minister of Finance. Nene replaced Jabu Moleketi, who resigned after the recall of president Thabo Mbeki.
Read more about this topic: Nhlanhla Nene
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