Three months is too short a period to judge anyone’s success or failure. But it might suffice as a barometer of impact for Finance Minister Malusi Gigaba. I’m getting nervous about his prospects of succeeding in stopping our rapid descent into junk status.

Gigaba’s ascent to the top job at the Treasury is reminiscent of Trevor Manuel’s appointment to the ministry in the 1990s.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.