DA & EFF Declare Malusi Gigaba The Last Nail To SA Economic Coffin

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The Democratic Alliance (DA) party and the Fighters (EFF) have inferred that Malusi Gigaba is the last nail in SA economic coffin.

For the Fighters, Malusi Gigaba and Sifiso Buthelezi are unfit to lead the Finance Ministry. The party called for Gigaba and Buthelezi to be immediately dismissed from the Ministry.

“The pair convened a press conference…to speak about a plan on economic recovery. Yet throughout the press conference they had to explain their personal involvement in the corrupt looting of state resources,” EFF indicated.

With that, the party affirmed that the Finance portfolio cannot be led by people who can’t focus on building the economy because they are entangled in corruption.

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“No investor, both domestically and internationally, can ever be confident in our country and its government when our finance ministry is led by corrupt individuals.

“No one will willingly give Gigaba an investment because they know he will channel it back to the Gupta family as he did with the Transnet Locomotives deal.



“Malusi Gigaba and Sifiso Buthelezi must step down from the Finance Ministry and let honest and credible individuals lead in those posts…,” added the Fighters.

The DA expressed similar sentiment in a media statement wherein it announced that the Finance Minister’s press conference on the economy was a complete disaster.

According to the party, the fact that the press conference took place nine days after the announcement that SA economy had slipped into recession, and three days after postponing a press conference to deal with the fact that the economy has slipped into recession, created the impression that the Minister would announce new measures to deal with the recession.

“However, after delivering a 2698-word press statement, during a marathon two-hour press conference, all the Minister was able to announce was that President Jacob Zuma would be convening a full-day meeting in two weeks time with the ‘economic cluster’ to deal with the recession,” DA stated.

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Having said that, the party reiterated that Gigaba’s press conference was a complete disaster.

“(It) will damage the investor confidence it was presumably designed to restore and it demonstrates there is no recession-fighting plan in place in South Africa,” DA upheld.