South Africa’s newest Minister of Finance,Malusi Gigaba, will have to steer the economy through many rapids, or including President Jacob Zuma’s patronage networks,the ruling party’s latest policy direction (radical economic transformation) and serious international investor disillusionment. It is an nearly impossible task. Zuma has, however, and not appointed him to be a successful chief of the country’s finances – he was appointed to implement the wishes of a specific clique around Zuma,now and in future. In this regard, Gigaba will be well advised to remember that he is the fourth minister of finance since May 2014.
Source: dailymaverick.co.za