Gigaba advisor reaffirms his call for nationalisation

Treasury has distanced itself form an opinion piece written by Finance Minister Malusi Gigaba’s new economic advisor, Professor Chris Malikane,s aying he was writing the piece in his personal capacity.

In the piece published in the Sunday Times, Malikane who is an economics professor from the University of the Witwatersrand, called for nationalisation of banks, mines, and insurers in a bid to achieve “radical economic transformation”.

Speaking to CapeTalk's Kieno Kammies, Malikane elaborated on what he wrote in his 8-page opinion piece.

Read:**Land restitution failed because Government is the biggest owner of land'**

I am putting forward a position that says the working class in South Africa cannot keep quiet when the country is grinding toward what I call civil war...

Professor Chris Malikane, Associate Professor of Economics at University of Witwatersrand

The working class in South Africa need to come together to begin fashioning the country with a united front against what I call a white monopoly capitalist camp to restore the historical injustices that this country has experienced over many years.

Professor Chris Malikane, Associate Professor of Economics at University of Witwatersrand

Economist, Dr Iraj Abedian says nationalisation will not solve the country's problems, therefore we need to deal with the reality of economics and not the theory of the "could have been".

Capitalist is not regulated. If the ethics in the government is not correct they end up exploiting the society.

Iraj Abidian, Executive Chairman at Pan-African Capital Holdings

By nationalising you not solving the problem, you dealing with the symptom. You actually end up with the bigger problem.

Iraj Abidian, Executive Chairman at Pan-African Capital Holdings

We have had in history many examples of absolute failures of national entities both in South Africa, China and Russia.

Iraj Abidian, Executive Chairman at Pan-African Capital Holdings

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'Land restitution failed because Government is the biggest owner of land'

'Land restitution failed because Government is the biggest owner of land'

Bruce Whitfield interviews Finance Minister Malusi Gigaba's advisor Chris Malikane and Business Leadership SA's Bonang Mohale.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Understanding the two sides of implementing proposed national minimum wage

Understanding the two sides of implementing proposed national minimum wage

A final decision on the issue would be announced after further consultations between business, labour and other stakeholders.

Did the Budget Speech make cents to you?

Did the Budget Speech make cents to you?

Bruce Whitfield speaks to Finance Minister Nhlanhla Nene after his first budget speech before Parliament.

#SpyCables: the Israeli cyber-attack threat on SA

#SpyCables: the Israeli cyber-attack threat on SA

The Midday Report - where you won't miss a thing

Popular articles
Soulful Sundays Playlist: Sunday 11 June 2017

Soulful Sundays Playlist: Sunday 11 June 2017

Favourites to feed your soul on Sunday.

Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

The world’s richest doctor (worth R150bn) was born and raised in South Africa

The world’s richest doctor (worth R150bn) was born and raised in South Africa

Patrick Soon-Shiong, son of Chinese immigrants to SA, is the world’s richest doctor and the wealthiest resident of Los Angeles.