Government bailouts akin to 'throwing money into bottomless pit', says IFP

The Inkatha Freedom Party (IFP) has lashed out at the government for supporting ailing state-owned enterprises (SOEs), saying it's akin to throwing money into a bottomless pit.

In his swansong, marathon speech at the IFP national elective conference in Ulundi, KwaZulu-Natal (KZN) on Saturday, outgoing party president, Prince Mangosuthu Buthelezi, said the "schizophrenic approach" to SA's economic policy has destroyed investor confidence...

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