The column by Sikonathi Mantshantsha (Between the Chains, April 6-12) exposes the limitations of our new finance minister, Malusi Gigaba, who wasn’t even willing to defend his integrity or to deny his close friendship with the members of Gupta Inc. With Gigaba’s poor record of managing various portfolios, it is most unlikely that he will resist state capture — and so the blatant criminal inroads being made into our resources will continue unabated. To remain effective, the finance ministry will require the leadership of a strong personality and Gigaba does not fit that description. The country’s image needs to be reestablished. Just as importantly, foreign investors need assurance that their investments will be protected. We are far from the heady days of 1994 and the hope engendered by events then. All that has now evaporated. Our sovereign debt has reached unmanageable heights, and our future is in jeopardy. Ted O’ConnorAlbertskroon

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.