Finance Minister Malusi Gigaba appeared at Parliament’s standing committee on finance for the first time on Tuesday where MPs grilled him on radical economic transformation.
Whatever the name you call it – accelerated growth, radical economic transformation or inclusive growth - we want to address the plight of these [left-behind] people.— Malusi Gigaba, Finance Minister
ANC MP and Chairperson of the Standing Committee on Finance Yunus Carrim asked Gigaba to explain how inclusive growth and radical economic transformation are related.
Carrim also urged Gigaba to urgently address transformation in the financial sector, the issue of rotation of auditors and the vacancies at South African Airways.
The Money Show’s Bruce Whitfield interviewed Carrim.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
He said all the sorts of things that his predecessor said, for the most part.— Yunus Carrim
He said that his priority is to avoid a further downgrade, and to reverse the one we had.— Yunus Carrim
He spoke about the unsustainable inequality that we have to address.— Yunus Carrim
He seemed to be saying that inclusive growth and radical economic transformation reinforces each other.— Yunus Carrim
If you have transformation without growth you’ll just reproduce patronage systems. If you have the reverse you’ll merely reproduce inequality.— Yunus Carrim
The Minister said he informed his advisor about protocol with regards to public statements.— Yunus Carrim
We do need them [foreign investors].— Yunus Carrim
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.
Bruce Whitfield interviews Daniel Rubenstein, Co-Founder at MyTreasury – a tool that finds the best interest rate for you.
The Money Show’s Bruce Whitfield interviews Pattison about his attitude to money (hopes and fears, successes and failures, etc.)
The Money Show’s Bruce Whitfield interviews Raiz Corp CEO Allon Raiz who reviews “The E-Myth Revisited” by Michael E. Gerber.
Ray White (in for Bruce Whitfield on The Money Show) interviews EWN’s Stephen Grootes.
The Money Show’s Bruce Whitfield interviews Standard Bank Chief Economist Goolam Ballim.
Arabile Gumede interviews KPMG Senior Economist Christie Viljoen.
Certified Financial Planner Paul Roelofse has a difficult conversation with Phemelo Motene around nominating a beneficiary.
Low sex drive is common and non-sexual relationships can also be fulfilling, explains clinical sexologist Dr Eve.
Geoffrey Matovu filed for divorce in the Family Division of the High Court accusing Ms Tryphena Nakiyingi of being disrespectful.
A fight broke at a hospital where Booysen was admitted and it is believed Booysen was the target of the scuffle.
The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Nkosinathi Nkomo came up with a system that could turn grey water into usable water amidst the Cape Town water crisis.
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.