POLARISED DEBATE
Free market versus fleecing Marxist
Chris Malikane and Pravin Gordhan’s schools of thought are irreconcilable
If beautifully tailored suits could inspire confidence, Finance Minister Malusi Gigaba would be well on his way. Unfortunately, the fashionista has sown nothing but confusion. In his public pronouncements, he flip-flopped between accusing the Treasury of being "captured by white monopoly capital" to lauding it as "a strong, professional and stable institution". He promised policy continuity, but appointed University of the Witwatersrand Marxist economist Chris Malikane as his special adviser – a move described by the DA’s David Maynier as having a grenade lobbed into the Treasury’s lap. Malikane is calling for a new economic plan that will provide for the revolutionary overthrow of established business through the expropriation of land and the nationalisation of the mines and banks to accelerate racial redress. Gigaba, meanwhile, has been telling investors that SA’s "top priority is to achieve inclusive growth" and he has invoked the centrist National Development Plan (NDP) as the c...
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