The Treasury distanced itself from the statements of Prof. Chis Malikane, Economic Adviser to the Minister of Finance.
He called for banks, mines, and insurers to be nationalized to help radical economic transformation. According to Malikane, the first phase of the democratic revolution has come to an end, and its recommendations are therefore the next step.
Treasury has stated that it does not necessarily “reflect” government policy and that Malikane as an “activist” has the right to put ideas on the table.
Political analysts report that Malikane should remain in his classroom, as others can be hurt with his “crazy” ideas about the economy. When looking at the Freedom Charter, Malikane is not mad but only follows the ANC’s policy.
In the meanwhile, Minister Gigaba before his departure abroad said that he had spoken to Malikane about his statements, without saying what the outcome of the conversation was.
Meanwhile, the ANC deputy president at a black business forum said that radical economic transformation will come whether people like it or not. (See related report – Ramaphosa defends radical economic transformation)
Read the original article in Afrikaans on Die Vryburger
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