'Malusi Gigaba should not be anywhere near the nation’s coffers!'

There is a hurricane strength political and economic storm raging around Finance Minister Malusi Gigaba's position.

The Minister on Monday postponed a briefing to give clarity on the way forward for the country’s economy.

On Friday night, Moody’s announced its decision to drop its rating a notch to Baa3, with a negative outlook.

The EFF says it will turn to the courts to challenge Gigaba’s decision to grant the Gupta family naturalised citizenship in South Africa.

The party has revealed two official letters from Home Affairs which show the family was first denied citizenship before Gigaba stepped in to give the green light.

The Money Show’s Bruce Whitfield interviewed Financial Mail Deputy Editor Sikonathi Mantshantsha.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

South Africa’s choice for a President has been very, very negative for confidence in the economy.

Sikonathi Mantshantsha, Financial Mail

Gigaba should not be anywhere near the nation’s coffers!

Sikonathi Mantshantsha, Financial Mail

Too close for comfort with people with that reputation!

Sikonathi Mantshantsha, Financial Mail

Gigaba pretended I didn’t ask those questions! Why wouldn’t he answer those questions?

Sikonathi Mantshantsha, Financial Mail

Eskom is what it is today because of what Malusi Gigaba did.

Sikonathi Mantshantsha, Financial Mail

I would believe Ajay Gupta before I believe anything The Hawks says.

Sikonathi Mantshantsha, Financial Mail

All the work Gigaba has done shows us he should not be anywhere near executive power.

Sikonathi Mantshantsha, Financial Mail

They [Gigaba and his deputy] are the worst possible team we could have.

Sikonathi Mantshantsha, Financial Mail

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Are 'tap and go' cards safe? Maybe, suggests this case involving Standard Bank

Are 'tap and go' cards safe? Maybe, suggests this case involving Standard Bank

Handsfree pickpocketing is a myth, says consumer journalist Wendy Knowler. But risks remain, suggests a case she took on.

Dubai-based Mara Group opens South Africa’s first smartphone factory

Dubai-based Mara Group opens South Africa’s first smartphone factory

The Money Show’s Bruce Whitfield interviews Toby Shapshak (Publisher at Stuff magazine) about the R1.5 billion investment.

Considering divorce? How to avoid getting poorer in the process

Considering divorce? How to avoid getting poorer in the process

Personal finance expert Warren Ingram warns that divorce almost always destroys wealth. Here’s how to not lose your money.

Absa arranges first US dollar social bond issued by an African corporate

Absa arranges first US dollar social bond issued by an African corporate

The proceeds of social bonds exclusively finance projects that deliver a social impact.

Eskom distributed less electricity in Aug 2019 than at any time since Feb 2009

Eskom distributed less electricity in Aug 2019 than at any time since Feb 2009

“It’s a total mess! What used to be so simple has become a very complicated exercise,” says coal analyst Xavier Prevost.

'We discuss stocks and options with our children at the dinner table'

'We discuss stocks and options with our children at the dinner table'

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

Popular articles
'It turns out DA MP Natasha Mazzone was right about load shedding'

'It turns out DA MP Natasha Mazzone was right about load shedding'

Last month, Eskom shut down claims by the Democratic Alliance that load shedding was on the cards.

[WATCH] Commuters on station stop train from hitting passenger

[WATCH] Commuters on station stop train from hitting passenger

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] How many people does it take to park a car?

[WATCH] How many people does it take to park a car?

Khabazela shares tweets and Facebook posts that have gone viral.

'We discuss stocks and options with our children at the dinner table'

'We discuss stocks and options with our children at the dinner table'

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

'Had abuser been a male teacher, we would have had a crazy outcry from society'

'Had abuser been a male teacher, we would have had a crazy outcry from society'

Pundits discuss the sexual misconduct allegations at Bishops Diocesan College in Cape Town.

[WATCH] Boy explaining what he heard when parents had sex goes viral

[WATCH] Boy explaining what he heard when parents had sex goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

It's VW, but not as you know it - Why did Volkswagen change its logo?

It's VW, but not as you know it - Why did Volkswagen change its logo?

John Maytham asks what's behind Volkswagen's new-look logo...

5 retirement saving tips for those who left it late

5 retirement saving tips for those who left it late

It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

Khabazela shares tweets and Facebook posts that have gone viral.