Zuma’s administration is preoccupied with building a thriving patrimonial state
Finance Minister Malusi Gigaba sounded very confident during his media conference just prior to his mission to the US for the spring meetings of the World Bank and to meet Moody’s rating agency and other key foreign investors. He was hoping to reassure Moody’s that the government was determined to stick to its tried and tested policy of fiscal discipline and macroeconomic stability notwithstanding the public pronouncements by the President about a highly punted and recent shift to "radical economic transformation". His newly engaged adviser, Prof Chris Malikane, added more credence to this shift by publishing what one might call the most radical economic policy shift in the post-democratic era. In the nature of how things really work in the current administration, his adviser could never have been appointed without prior clearance with the President. Now he claims the adviser has been "reined in" and told to keep quiet and give him space to do his work. Read this to mean, "I appreci...
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