President Jacob Zuma on Wednesday announced the removal of Finance Minister Nhlanhla Nene; watch his address to business people hours after the announcement.
Zuma said that Nene had done well since his appointment as Minister of Finance during a difficult economic climate.
Zuma has appointed ANC member of parliament, David Van Rooyen, as the new Minister of Finance.
The video above was uploaded to YouTube by SABC Digital News.
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