Sky will not fall under Gigaba's leadership – ANCYL
The sky will not fall under new Finance Minister Malusi Gigaba, in spite of scare-mongers, the African National Congress Youth League (ANCYL) said on Friday.
"The ANC Youth League is excited, happy, overjoyed and jubilant at the announcement by President Jacob Zuma on the Cabinet reshuffle," secretary general Njabulo Nzuza said.
He congratulated Pravin Gordhan's replacement as finance minister, Malusi Gigaba, a former youth league president.
"We are confident that with him at the helm, the sky is not going to fall, as we were made to believe by some commentators and scare-mongers."
The ANCYL was responding to President Jacob Zuma's reshuffling of his Cabinet, in which he axed Gordhan and his deputy Mcebisi Jonas.
The league had accused Gordhan and the finance ministry of protecting white-owned monopoly capitalism.
"We have consistently said, and maintain, the belief that no one is above the ANC, and no one is irreplaceable. The Constitution grants the president, and the president alone, the powers to appoint the Cabinet," Nzuza said.
Their confidence in Zuma's leadership had been restored, he said.
"While we may not always fully agree with what often seems to be his over-consultations, which are often betrayed through media briefings, and his willingness to compromise, we appreciate his attempt to achieve unity within the movement."
Comments
Research Reports
Projects
Latest Multimedia
Showroom
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
