“The World Bank budget support is coming at a critical time for us,” Dondo Mogajane, the director-general of the National Treasury, said in a statement.The World Bank has approved a Covid-19 linked $750m development policy loan to SA to protect the poor and support economic recovery from the pandemic, a statement from the National Treasury said on Friday.
The country has been hit hard by four waves of infection that killed close to 94,000 people and infected 3.5-million in Africa's worst caseload. Successive lockdowns meant to protect people have led to the closure of thousands of businesses, swelling an army of unemployed as SA's jobless rate hit records in 2021.
“The World Bank budget support is coming at a critical time for us,” Dondo Mogajane, the director-general of the National Treasury, said in a statement. Funds from the development policy loan would help bridge a financing gap stemming from additional spending on the Covid-19 crisis, he said.
This loans are a generational curse voetsek ANC nothumamina wenu , these loans do nothing for us ordinary people.
There is no free lunch.
It has missing written all over it. Then we do more investigations 🤷🏿♂️
Vaccine .. commission cheque?
False knowledge is more dangerous than ignorance
This is a Debt Trap future governments and children are inheriting from this inept Government; perfect scenario for looting. Looters right now are plotting and some have already spent it in their heads.
Let's hope it won't be used for the Anc December Conference
Here we go again …..
Ooh boy here we go. Looters already calculated their shares
R1.135 trillion. Stop misinformation
Is that why Paul said the MYANC will pay their staff this month? Is it because he knows this Money is on the way?
Hilarious They'll use it to build that Phizy factory and keep the profit Or something But we all know none of us will see the support form that. The more of us die the less the unemployment rate! Yay! Success! Digital vibes man
Can you please assist us with any tinned food or food nearing their expiry date🙏🏻. Just so my family can have something to eat while I hunt for a piece job. My children slept hungry last night😭. As a man that cripples me💔. Please 🙏🏻😔
Hayi this so called gov of ours iyasingcwaba even izizukulwane zethu... Their offsprings will not be affected... What did we do to deserve this?
Uthume ubani?
Looters
More like to bolster Cdes pockets
Just want to say a very big thank you to Mrs lisamiabtc3 and her company platform for their transparency, I had doubts at first but seeing I got paid I deemed it necessary to share with the general public and to let them know that you can be truly trusted..thank you so much.
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Government gets R11.4bn World Bank loan to bolster Covid-19 recovery effortsThe loan is intended to protect the poor and support economic recovery from the Covid-19 pandemic. R350 This is going to be eaten by the fat and the poor will see nothing ... EatTheRich Mxm
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