Negligible economic growth and high levels of debt have obliterated South Africa’s ability to save in times of plenty, and to spend in a time of crisis, the DA says.
He was joined by interim party leader John Steenhuisen, deputy finance spokesperson Dion George, and DA policy head Gwen Ngwenya.Hill-Lewis said negligible economic growth and high levels of debt have obliterated South Africa’s ability to save in times of plenty, and to spend in a time of crisis. The only available option is a very careful deployment of debt to fund the crisis response, while ensuring economic reform can spur growth and show a clear path to debt stability, according to Hill-Lewis.Selling or shutting down state-owned enterprises that cannot remain viable without state bailouts, end Eskom’s monopoly and open the electricity market to competition; and
Contribution to the social net: In addition to high levels of poverty , over 20% of South Africans face a high risk of slipping into poverty. Meaning over 70% of the population lives with poverty as a constant threat.
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