The rand tanked, government bonds were sold and South African bank shares tumbled. The ANC was powerless, Cabinet was blindsided and good governance destroyed. Zuma became the president-king, accountable to nobody except the family in Saxonwold,If there's anything that the government and party of former president Jacob Zuma will be remembered for – apart from corruption, mismanagement and theft – it will be the brazen manner in which the capture clique attempted to hijack National Treasury.
By then Nene and his Treasury team had been under increased political pressure in Cabinet and from the ANC. When they departed the meeting Zuma ominously remarked to the Treasury officials:"Your last minister also defied me in many ways." When he got to the president's suite of offices in the western wing of the old sandstone building, he was ushered into Zuma's office where he was told he was being redeployed to the still-to-be-established Africa branch of the Brics Development Bank.Fuzile, driving home from Treasury after tying up some loose ends at the office, received a call from a member from the ANC's executive committee, who told him that he will soon be receiving a"Gupta minister".
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