BRUCE WHITFIELD: R187bn on bailouts — this is what that actually looks like ...
Consider that the government’s interest bill right now is approaching R2bn a day. It would take you 63 years to count out the money just to pay one day’s interest
01 September 2020 - 07:00
So how did you feel about finance minister Tito Mboweni’s revelation that the government had spent just over R187bn on bailouts to state-owned enterprises (SOEs) over the past 20 years?
Did you shrug your shoulders and think: “Billion-schmillion – what’s the big deal?”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.