Political reaction
‘Now we have also lost hope’: politicians react to Godongwana’s budget
Politicians voice concerns over government debt, mismanagement of state funds and plans to take on Eskom’s debt burden
Dion George, DA: “[Finance minister Enoch Godongwana’s] announcement of bailouts for failed state-owned enterprises [SOEs], including the Land Bank, Post Office and SAA, is a clear misallocation of public funds. However, this pales in comparison to the mother of all bailouts — the offloading of over R250bn of Eskom’s debt onto our sovereign balance sheet. The minister failed to mention the president’s proposed holding company for SOEs, the National Health Insurance or the new minister of electricity. This adds to current economic policy incoherence and promotes uncertainty. The DA will not support funding for any of these expenditures.”
Sinawo Tambo, EFF: “The EFF is shocked that despite the seriousness of the impending debt crisis because of fiscal and monetary policy mismanagement, the minister of finance unashamedly saw fit to present a budget that does not have a plan to offer immediate and sustainable solutions to deal with the debt crisis. Today South Africa will pay R...
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