Finance Minister Malusi Gigaba has been making headlines recently for questionable reasons. Ranging from his wife’s interview, taking his wife to the US on a state assignment and relationship social media war with Buhle.
The minister has launched a shattering attack on white South Africans.
He has described the transformation of the economy as “the most difficult challenge of our time”.
Quoting statistics released recently by Oxfam SA‚ which showed that the three richest people in South Africa who are whites owned as much wealth as the bottom 28 million people‚ Gigaba said the transformation of the economy was an “urgent and unavoidable matter” that the country needed to deal with.
Gigaba said that the country’s inability to transform the economy has left the poor black people vulnerable to economic shocks.
The Minister said blacks have much to do‚ so let’s avoid distractions and let’s find common ground.
He called on people to internalise the mindset that growing black business is good for South Africa. He said more needed to be done to involve black women and the youth in economic transformation.
He said achieving economic transformation would require sound policies, end of white monopoly capital and the willingness of business.