The people of South Africa have been thinking and wondering what will it take for the government to stop borrowing money from the world bank and the International Monetary Fund. This is because these are the two loan shark's that are behind the struggle of the country not to do well economically. This is because the money that is always borrowed from loan sharks comes with lots of demands and requirements that must be met.
The issue of the government borrowing another money from the World Bank will cause the country to suffer more severe damage as there is no need to be borrowing more money. This is because this thing of borrowing money always leave the country suffering as 40% of the money borrowed is going to be squandered by the ANC top leaders.
Carl Niehaus drops an unexpected bombshell to Cyril Ramaphosa after discovering the plans of the loan. This is because Ramaphosa plans of borrowing money are because he wants to use it in the recovery of the economy. It is not a secret anymore that the pandemic and corruption affected the economy heavily in the last two years where alot of people lost their jobs at the start of the pandemic.
If Cyril plans to use the borrowed money accordingly with the strategy to recover the economy. Then the action will reveal itself, as there is a high probability that the money will be used to fill up ANC pockets. Just like what happened with the R500 billion. This is because the money was meant to assist those that lost their jobs due to the lockdown restrictions that were implemented by the president.
Carl Niehaus is not happy with the fact that Ramaphosa borrowed such kind of money as it will not be used as planned. This is because the money Cyril borrowed will not be used to recover the economy but to make their plans bear fruits so the economy can suffer. This is because of how the R500 billion were squandered in the last two years and this R11.4 billion is going to be squandered the same way.
What is your intake on this and why?
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