Nene held various titles, including Co-Chairperson on the Portfolio Committee on Finance from 2005-2008 and Director of the 2010 Fifa World Cup Local Organising Committee.
On Tuesday, Ramaphosa responded to calls from opposition benches that he fire members of the Cabinet he inherited from Zuma. A number of cabinet ministers have been implicated in the looting of state resources by families close to Zuma.
At the time, the President said if there is a cabinet reshuffle, it won't be done at the behest of the opposition.
The Deputy President of the African National Congress (ANC), David Mabuza was also announced as the new Deputy President of South Africa.