Cosatu isn’t impressed with Gigaba, says he is unqualified for finance ministry
The trade union federation says it is concerned the new minister of finance will be out of his depth as the head of one of the most powerful portfolios in government.
Minister of Finance Malusi Gigaba. Picture: GCIS
It appears new finance minister Malusi Gigaba will have to contend with criticism from Cosatu during his upcoming tenure in his new portfolio.
Cosatu spokesperson Sizwe Pamla told TimesLIVE the organisation did not believe Gigaba was the right man for the job.
“Gigaba is no economist. We need to bring more progressive economic thinkers in that institution so that they temper the hardline neoliberal position of the past. Gigaba is not going to formulate policy as a political head. He is going to provide political leadership to people who are in charge of analysing the global economic situation‚” said Pamla.
“Look at the people who have been there at Treasury and look at how that institution transformed those people. They came in there as deployed members of the ANC‚ understanding what the ANC and the alliance partners were saying‚ but when they got to the institution‚ they were transformed into components of neoliberalism themselves‚” he added.
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