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 NEWSROOM AI
Entertainment and news are being used to change the way you see the world and not always truthfully.
Andy Rice knocks TUC biscuits for a tweet that seems to make fun of listeriosis.
The Money Show’s Bruce Whitfield interviews Norton Rose Fulbright Director in Litigation Lauren Fine.
Sleep is as vital for complex life as food, water and oxygen. Bruce Whitfield interviewed FAB Quotient's Joni Peddie.
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.
Consumer journalist Wendy Knowler explains how a new court ruling will impact consumers applying for credit in South Africa.
The Western Cape Premier is in the spotlight again due to posting an 'insensitive' tweet about Life Esidimeni tragedy.
Activist and musician Jennifer Ferguson, says she has not ruled out the route of a civil court regarding her rape claim.
Advocate Dali Mpofu receives praises after he represented Kagiso Rabada in his appeal against the ICC's decision to suspend him.
Immigration lawyer Gary Eisenberg explains the new rules for South Africans applying for a Schengen visa
Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.