On Tuesday, Finance Minister Malusi Gigaba briefed the media denying reports that the National Treasury wants to use R100 billion of the Public Investment Corporation (PIC)’s funds to bail out state-owned enterprises (SOEs).
EFF's national spokesperson Dr Mbuyiseni Ndlozi talks to 702's Bongani Bingwa and says they are not buying it.
It is the oldest trick in the book of the people who are leading the country at the moment...it is a PR exercise.— Dr Mbuyiseni Ndlozi, EFF national spokesperson
We have to be vigilant over the PIC and our concern is that this is a body that manages the pension funds of workers.— Dr Mbuyiseni Ndlozi, EFF national spokesperson
The project of state capture is unrelenting, he says, and the show of unity at PIC Treasury briefing by Malusi Gigaba is a sham.
He is lying.— Dr Mbuyiseni Ndlozi, EFF national spokesperson
Take a listen: