President Mbeki made the announcement earlier this week after agreeing to the move in principle earlier this year.
"It was obviously difficult for Prof Nkuhlu to continue indefinitely performing both functions - as Economic Adviser and head of the New Partnership for Africa's Development (Nepad) Secretariat," said Presidential spokesperson Bheki Khumalo.
He added that President Mbeki hailed the work that Nkuhlu had done as his adviser, and was currently doing for Nepad.
The President, said Khumalo, had said that Nkuhlu had applied his energies and skills with great distinction to the crucial job of dealing with poverty and underdevelopment.
His role, in the early days of the development of Nepad, had been of pivotal importance to getting the programme underway.
"The President expressed his warmest thanks to him for all the work done, and the work that he was still undertaking. South Africa was proud that one of its sons had played such an epochal role in Africa's socio-economic revival," said Khumalo. - BuaNews.
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