In an opinion piece published by the Sunday Times, Finance Minister Malusi Gigaba’s new economic advisor Professor Chris Malikane proposes a new economic plan that includes the “expropriation of white monopoly capital establishments such as banks, insurance companies, mines and other monopoly industries to industrialise the economy”.
The Ministry of Finance has since distanced itself from the piece.
The Money Show’s Bruce Whitfield interviewed Malikane.
He also spoke to Business Leadership South Africa (BLSA) Chairperson Bonang Mohale.
BLSA on Sunday published advertisements in a number of newspapers, beseeching the ANC and its alliance partners to “exercise their conscience” to stop state capture.
Click here to read the full text contained in the advertisements.
Listen to the interviews in the audio below (and/or scroll down for quotes from it).
The land was taken by force; it’s high-time we redress that historical injustice.— Professor Chris Malikane, Wits
The mines has two functions. They produce minerals and earn monopoly profits.— Professor Chris Malikane, Wits
Nationalisation has worked in India. More than 75% of mining operations there are run by state-owned companies. China is another case in point. You see the heavy role of the state. The same in South Korea and Singapore…— Professor Chris Malikane, Wits
One of the challenges that Eskom has, is the price of coal… New Zealand has nationalised coal…— Professor Chris Malikane, Wits
I wrote this piece before I became appointed.— Professor Chris Malikane, Wits
This article has made the job of the Minister of Finance more difficult.— Bonang Mohale, Business Leadership South Africa
This government already owns six banks! Why would they want to nationalise more banks!— Bonang Mohale, Business Leadership South Africa
The reason why land restitution has failed is because the biggest owner of land is Government.— Bonang Mohale, Business Leadership South Africa
If Government wanted radical economic transformation it would’ve given the land that it already owns to these communities!— Bonang Mohale, Business Leadership South Africa
The poor minister and his deputy are doing their absolute best, but they jumped into a poisoned well. I pity them!— Bonang Mohale, Business Leadership South Africa
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews Khokhela Consulting MD Laurence Grubb.
For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
Naspers constitutes a whopping 20% of the Top 40 index. Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
It’s hard, but not impossible. Arabile Gumede interviews Argon Asset Management Economic Strategist Dr Thabi Leoka.
"We know people are scared. They [ANC MPs] need to see that South Africa is behind them," says Sygnia's Magda Wierzycka.
702 Afternoon Drive host Stephen Grootes's comment involves past dealings that involve EFF national chair, Advocate Dali Mpofu.
Harsher punitive tariffs on the cards as 'Day Zero' becomes a reality as the result of 60% of Capetonians who ignore water limits.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.