Gigaba: ANC policy debates must continue taking place at ANC level

Malusi Gigaba says he will only share his opinions about policy debates within ANC structures and not outside the party.

FILE: Minister of Finance Malusi Gigaba ahead of the ANC national policy conference at Nasrec on 30 June 2017. Picture: Thomas Holder/EWN

JOHANNESBURG – Finance Minister Malusi Gigaba says he won’t publicly comment about issues that came out of the African National Congress (ANC)’s national policy conference specifically the debate about the term white monopoly capital.

A resolution was taken by nine of the eleven commissions at last month’s conference to use the term monopoly capital instead of white monopoly capital.

However, just this week, President Jacob Zuma told supporters of the ANC Youth League in Cape Town that white monopoly capital is a reality in the country.

Gigaba says he will only share his opinions about policy debates within ANC structures and not outside the party.

“I have a responsibility towards all business people, big or small, monopoly, not a monopoly and I have to work with all of them and harness all their efforts and resources towards growing the South African economy.

“The ANC policy debates must continue taking place at the level of the ANC.”

The minister was speaking on the sidelines of a charity event at a school in Soweto on Tuesday as part of Nelson Mandela Day activities.

[Watch] Treasury’s stance on white monopoly capital