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Ramaphosa finally revealed what the borrowed money was used for that left people in disbelief.

Source:https://mobile.twitter.com/insightfactor/status/1484408195791609856 



South Africans have been debating and questioning why such a large sum of money was obtained from the international bank. This comes after the country was astonished to learn that the South African President had amassed a large sum of money. Individuals in South Africa were perplexed as to why the government would be in a position to accomplish such a feat. 


This is due to the fact that this isn't the first time Ramaphosa has done something similar, and it usually ends in tears for the country. It is continually understood that the money obtained from the World Bank always comes with a slew of unexpected requirements that the country must bear in the future. 


Cyril Ramaphosa just received R750 million from the World Bank to help with the country's emergency response to the pandemic. This is based on the fact that the nation has suffered as a result of the epidemic's disarray, as a large number of positions have been lost as a result of the pandemic. 


Cyril Ramaphosa may wish to use the money he received to start creating jobs for the youth, as the unemployment rate continues to rise. Ramaphosa's decision to use a portion of the money raised to create jobs will be an excellent investment for the country, as this is exactly what the country requires. If this does not happen, the economy will suffer greatly, and his chances of being given another chance to govern would be diminished. 


South Africans should not be complaining about Ramaphosa's method of obtaining such large sums of money because the country requires cash to make better investments. People were also outraged by the R500 billion that the ANC squandered, with some of the money allegedly disappearing due to the use of personal protective equipment (PPE). 


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Cyril Ramaphosa Ramaphosa South Africa South Africans World

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