Faizel Patel, Radio Islam News – 25-10-2017
Political analyst Karima Brown says Finance Minister Malusi Gigaba will have a tough time delivering his first medium term budget policy statement as he is a complete novice.
Gigaba will be spelling out the government’s spending plans for the next three years in parliament today and will have to explain how he intends dealing with rising government debt.
This is Gigaba’s first major speech since taking over from former finance minister Pravin Gordhan nearly seven months ago.
Speaking to 702, Brown says Gigaba has had no experience in the finance industry and may have a difficult time convincing investors he’s able to get the economy rolling.
She says Gigaba has a massive trust deficit.
“I think that it’s going to probably be one of his most important challenges. He is going to have to get people to come on board to believe that this finance minister is able to get our economy growing and that he’s not just an appendage of President Jacob Zuma enabling state capture. So that’s going to be a very tough thing for him to do.”