Prof has no idea about finances

It’s less than two weeks since that eventful midnight reshuffle by the president, the firing of the respected finance minister and the appointment of an acolyte with zero finance experience, and our downgrade by S&P and Fitch rating agencies.

New Finance Minister Malusi Gigaba, pictured, has already appointed as his top adviser professor Chris Malikane.

His fi rst salvo, instead of trying to pacify the turmoil in the markets, was: “Who really cares? It was the best thing that happened to SA as now we are free to do as we please!”

So the professor rubs salt on the wound of the downgrade by advocating the following:

Establish an antiwhite monopoly capitalist united front;

Isolate the enemies of the people, which is the white mo- nopoly capitalists who own disproportionate share of the economy and the land;

Expropriate white monopoly capitalist banks, insurance companies, mines and industries;

Expropriate land which becomes state-owned, without compensation;

Nationalise the Reserve Bank.

A wide ranging audit of employment equity and labour law compliance; and

Provision of free, quality services, decolonised education, health care, national health insurance, housing, electricity, water, sanitation, etc.

He didn’t say where the money will come from, especially since we will be paying more to borrow after the downgrade.

Bryanston

Jean Michel, Send us your letter

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