Opinion: The fact of the matter is Gigaba lied, says Redi Tlhabi

Finance Minister Malusi Gigaba says that he knew the country would be downgraded, as S&P Global had told him in confidence.

Read: S&P reshuffles South Africa's credit rating to junk

He revealed that S&P Global took him into its confidence before announcing Monday night’s downgrade.

Gigaba held a press briefing on Tuesday admitting that he knew, while he had earlier downplayed fears around whether the ratings agencies would cut the country to junk.

Also read: Gigaba claims S&P forewarned him of downgrade in confidence

Presenter Redi Tlhabi says Gigaba blatantly lied to the South African public by feeding citizens false information.

The Afternoon Drive host says not only did Gigaba omit the truth, he went as far as to mislead the country.

It doesn't help telling us that you knew about it.

Redi Tlhabi, 702's Afternoon Drive presenter

The fact of the matter is you didn't just fail to take us into your confidence, you lied. You gave us the wrong information.

Redi Tlhabi, 702's Afternoon Drive presenter

Take a listen:


This article first appeared on 702 : Opinion: The fact of the matter is Gigaba lied, says Redi Tlhabi


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Gigaba claims S&P forewarned him of downgrade in confidence

Gigaba claims S&P forewarned him of downgrade in confidence

The new Finance Minister addressed the media and said he could not share the information prior to the announcement.

Gigaba knew about S&P downgrade ahead of time

Gigaba knew about S&P downgrade ahead of time

Why Malusi Gigaba lied to South Africa after Standard and Poor's forwarned him on Friday about the imminent downgrade.

How to cope with an onslaught of negative news

How to cope with an onslaught of negative news

A clinical psychologist's tips to help reduce anxiety and stress caused by bad news like Cabinet reshuffles and ratings downgrade.

Markets not badly affected by downgrade - analyst

Markets not badly affected by downgrade - analyst

Standard & Poor's downgraded South Africa's credit rating to junk status or double B plus but markets factored in the inevitable.

Moody's playing wait and see game says economist

Moody's playing wait and see game says economist

Economist Azar Jammine says if Zuma steps down today the scenario would dramatically change and may provide a new era of hope.

What being downgraded to junk status really means

What being downgraded to junk status really means

Wits Professor Patrick Bond and Financial Mail's Sikonathi Mantshantsha share their insights into the latest S&P downgrade.

S&P reshuffles South Africa's credit rating to junk

S&P reshuffles South Africa's credit rating to junk

The rating agency says the decision was taken on the back of political and institutional uncertainty.

Popular articles
Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

[LISTEN] Sara-Jayne King overjoyed at finding her biological father

[LISTEN] Sara-Jayne King overjoyed at finding her biological father

After a 702/ CapeTalk interview, the author of the autobiographical book Killing Karoline spoke to her dad for the first time.

[LISTEN] Caller challenges Eusebius on land disposition

[LISTEN] Caller challenges Eusebius on land disposition

‘I need you to provide me with an answer' - John from Edenvale, Gauteng

Number of South Africans visiting the seaside has dropped

Number of South Africans visiting the seaside has dropped

Fedhasa's CEO is encouraging South Africans to take a look at the specials that are currently out there and make their bookings.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.