South Africa just got granted the loan of up to $750 million to help with any Covid-19 related issues, that money will be used to buy PPE’s abs ventilation systems that will help hospitals cope with any Covid-19 patients. The Government received backlash from opposition parties when they initially requested a loan from the IMF, the opposition parties did that in the interests of saving the country from drowning in more debts, however now they government have received $750 million from the world bank to then help South Africa with any Covid-19 cases. Newzroom Afrika reported,”SA Gets $750 Million Boost: World Bank approves South Africa's request for a $750-million development policy loan to aid in #COVID19 fight”.
The last money that was allocated to help with any Covid-19 related issues was looted and stolen, the money only benefited the ANC cadres and their relatives, the money was not used into any good use, South Africa has survived all waves but the biggest problem that South Africa is facing is corruption. The R500 million that was allocated to help those in need and purchase all materials needed was looted with the former spokesperson of the ANC and her husband benefiting from the money instead of the people of South Africa. Of recent the minister of Health announced that the country may face level 5 of Covid-19 right after the loan of $750 million has been approved.
The announcement from the Health minister has raised a lot of questions amongst the citizens of South Africa since they have huge concerns regarding corruption from the ANC, the ANC are labeled as corrupt masterminds in South Africa, one of the tweeps tweeted,”IMF gave SA 500billion for covid relief. Government gave banks to loan majority SAns. $750m will be used to buy stomach politician for dec conference. All this loans will be paid back by Government.”.
The other Twitter influencer Daniel Marvin raised a question that will engage a lot of youth to ask many questions that will then put immense pressure on the government to not loot the money they loaned,”Immediately after World Bank Loan SA $750m, the corrupt government and capitalist are introducing 5th varients and strategical lockdown. Dear ANC Administration you will face the 5th varients alone”.
The ANC has lost lots of majority during the local municipal elections, they went below 50% for the first team since they came into power, they then lost big metros to opposition parties due to their actions of corruption, looting the recently loaned money will further impact the ANC performance with the elections in 2024, which may then be a cautious approach to the way they deal with the loan money. The big question is that will they be faithful?.
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