South Africa Debt crisis, the former head of the National Treasury’s budget office, Michael Sachs, has revealed that South Africa's has is having a debt crisis as if they are not even prepared about it.
Because we know that of course it has been a mountain for a very long time and it's not like the ordinary members of the public have never seen this, they will basically borrowing money from the international monetary fund to cover covid 19 issies.
As if the IMF was their mother where they could just rake up debt and not repay it now we have a serious crisis in this country, and this is exactly what many people including the Economic Freedom Fighters have been fighting against.
He has warned that South Africa is facing a debt crisis, the government is always doing this ridiculous thing is knowing very well that the taxpayers are going to be the one who are left with the bill to pay.
It is very shameful and disgusting because at the end of the day the money disappeared out of town, and the taxpayers didn't even see any of it not through Investments not do anything so it's very repulsive.
Content created and supplied by: RSA_News (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