eNCA news in a recent Facebook publication disclosed that the World Bank has approved the recent loan applied by the South African government that is headed by president Cyril Ramaphosa. The loan was applied to assist the government in the fight against Covid-19.
A total of $750-million loan was approved by the World bank. In Rands, the money will be over R11 billion.
This report got a lot of south Africans talking online. Some of the Facebook users who commented under the eNCA news Facebook page spoke disapproval against the loan. Many of the users said that Ramaphosa's government was only good at borrowing and embezzling the money.
“Sadly, it's just more money for ANC to loot. It will never benefit the poor and needy, only the well-connected comrades and cadres will be further enriched,” said a Facebook user.
Another user who reacted to the reports raised concern on who will pay up the loans borrowed by the government, when, and how. He alleged that President Cyril was making things worse for the country.
In his words, “Who’s going to pay these loans, when and how? This Ramaphosa person is deeping us in debts that will imprison us and he won’t be there to solve this mess of unnecessary debts!.”
Someone also blamed the ANC for borrowing always. The user alleged that it was unfair the ANC will borrow in the name of the poor and enjoy the money themselves.
“I have never seen people who like to borrow money like these ANC ones. it is very unfair because they are borrowing it in the name of poor and chow it for themselves,” said the Facebook user.
See screenshots below
Photo Credit: eNCA News
In your opinion, What can you say about the loan collected by the government? Answer in the comments section.
Content created and supplied by: SANews (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More