Gigaba needs to be decisive - Mantshantsha

While the markets have weathered the storm following a cabinet reshuffle, Financial Mail's Sikonathi Mantshantsha says Finance Minister Malusi Gigaba will face a difficult time convincing investors to put their money in South Africa.

The minister is currently on an international road show.

READ: "Gigaba will hustle as finance ministers need to do"

Mantshantsha says Gigaba does not have much to inspire any confidence because of his past work as Minister of Public Enterprises, as well as Minister of Home Affairs.

The mess he left behind in past portfolios is one of the reasons we had a credit downgrade for that matter. Eskom itself came from the top four electricity generators in the world 12 years ago to basically zero today and that was with Malusi's misguidance and then the mess he left with home affairs when he came in and basically closed the borders to tourists.

Sikonathi Mantshantsha, Deputy Editor at Financial Mail

Those people are not blind to all of that. They know his record there and he does not have much to inspire any confidence in him.

Sikonathi Mantshantsha, Deputy Editor at Financial Mail

Mantshantsha says the minister must take a more definite stance on his policy plans.

He speaks with a forked tongue because he said inclusive growth actually means radical economic transformation, so you have someone here who dances to the audience. If he is talking to investors he tells them what they want to hear..... investors will not necessarily judge you on what you say, they will judge you on what you do.

Sikonathi Mantshantsha, Deputy Editor at Financial Mail

You decide if you want to promote growth and prudent management of economy or you go reckless and give us this radical transformation that you speak about. They will watch him very clearly.

Sikonathi Mantshantsha, Deputy Editor at Financial Mail

Click on the link below to listen to the full interview.....


This article first appeared on CapeTalk : Gigaba needs to be decisive - Mantshantsha


Read More
'Gigaba will have limited effect; the elephant in the room is the President'

'Gigaba will have limited effect; the elephant in the room is the President'

The Money Show’s Bruce Whitfield interviews Standard Bank Chief Economist Goolam Ballim.

[Cartoon] Who's got the FinMin's ear?

[Cartoon] Who's got the FinMin's ear?

EWN's Dr Jack & Curtis take a look at Malusi Gigaba's recent public snub of economic advisor Chris Malikane.

"Gigaba will hustle as finance ministers need to do"

"Gigaba will hustle as finance ministers need to do"

Business Day's Hilary Joffe talks about Minister Gigaba meeting his global counterparts in the US T at the investors roadshow.

Gigaba told Malikane to 'keep quiet' after nationalisation comments

Gigaba told Malikane to 'keep quiet' after nationalisation comments

Finance Minister will attend IMF and World Bank meetings in the US and tells media he will assure them SA economy is stable.

Gigaba advisor reaffirms his call for nationalisation

Gigaba advisor reaffirms his call for nationalisation

Economist, Dr Iraj Abedian, says nationalisation has proven to have failed in other countries and will not solve SA's problems.

'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.

Gigaba will have to work hard to convince international investors - economist

Gigaba will have to work hard to convince international investors - economist

Finance Minister Malusi Gigaba is due to embark on a road show to restore confidence in SA after two downgrades.

Popular articles
South Africans Doing Great Things |  Nkosinathi Nkomo

South Africans Doing Great Things | Nkosinathi Nkomo

Wasanga speaks to Co-founder of AquaRenu, Nkosinathi Nkomo about turning a problem into an opportunity.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

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?