Public protector Busisiwe Mkhwebane on Monday released a report calling for the constitution to be amended to allow for the Reserve Bank to have a broader socioeconomic mandate.
But Gigaba said the Reserve Bank was already addressing those challenges.
"That is already being undertaken by the bank and the economic sector as a whole ... The procedure being proposed leaves a bit of confusion as to how it should be pursued‚" he said in one of the clips.
Mkhwebane's proposal forms part of a report on a bailout that the Reserve Bank granted to Bankorp‚ which was later bought by Absa‚ in the 1990s.
The report said the bailout was unlawful and blamed the government for failing to recover the money from Absa.