EDITORIAL: Malusi Gigaba picks a destructive path
New economic adviser Christopher Malikane’s ideas are rooted in Marxist voodoo economics
What can one say about Finance Minister Malusi Gigaba’s new choice of economic adviser, Christopher Malikane, other than to throw up one’s hands in despair? Malikane has set out his stall in an eight-page summation of his ideas published in various newspapers at the weekend. His ideas are rooted in Marxist voodoo economics. For a finance minister to be taking advice from one with such outmoded and unorthodox ideas puts SA on the path towards such economic disasters as Zimbabwe and Venezuela. Doing so is an act of grotesque irresponsibility. There is, of course, a legitimate debate about the pace and nature of transformation in SA. Nobody can or should deny that SA remains a racially skewed society — hardly a surprise given its history. However, SA has been steadily tackling this problem with extraordinary success over the past two decades. SA’s black middle class is now numerically larger than its white middle class. Notwithstanding the repeated misinformation on the topic by no les...
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