Malusi Gigaba’s lack of economic know-how is big drawback, Cosatu says
On Monday, trade union federation Cosatu said the newly appointed finance minister, Malusi Gigaba, was not the right person for the job as he did not have an economic background. President Jacob Zuma axed Gigaba’s predecessor, Pravin Gordhan, and his deputy, Mcebisi Jonas, late on Thursday — a move that has been criticised by some of the party’s top leadership. Gordhan and Jonas’s removal formed part of a Cabinet reshuffle that caused shockwaves around the country. "Gigaba is no economist. We need to bring more progressive economic thinkers in that institution so that they temper the hard-line neo-liberal position of the past. Gigaba is not going to formulate policy as a political head. He is going to provide political leadership to people who are in charge of analysing the global economic situation‚" Cosatu spokesperson Sizwe Pamla said. "Look at the people who have been there at Treasury and look at how that institution transformed those people. They came in there as deployed memb...
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