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South African finance minister resigns after graft testimony

AP  |  Johannesburg 

South Africa's minister has resigned after acknowledging missteps during the scandal-tainted tenure of former

The resignation of was announced Tuesday by Cyril Ramaphosa, who has pledged to clean up corruption and revive South Africa's struggling economy.

The new minister is Tito Mboweni, former of the

Nene told a corruption inquiry that he had visited the home of a business family linked to alleged graft under and he later apologized.

He said the visits occurred when he was minister and also finance minister before fired him from that post in 2015.

Ramaphosa, a former deputy president, had brought Nene back into the Cabinet after replacing Zuma in February.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 20:45 IST