Head Topics

SA is broke thanks to thieving by ANC cadres in government

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa Headlines News

PRINCE MASHELE | SA is broke thanks to thieving by ANC cadres in government

It's official: the South African state is bankrupt. President Cyril Ramaphosa confirmed it three weeks ago when he responded to questions in parliament.In simple terms, this means the government has run out of money.

If you want to understand what it means for a state to run out of money, look at South African Express. It has grounded its planes. Last week, it told MPs it is struggling to pay salaries. Those who work for government departments must not think that their salaries are safe either. After state-owned companies have been bankrupted, the rot is coming their way. When Zimbabwe collapsed, the financial mess eventually reached nurses and teachers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Searching for the Venezuela that the ANC and EFF romanticiseVenezuela might not be everyone's idea of a great holiday destination, but Qaanitah Hunter wanted to see for herself if it really is the socialist paradise that the ANC and the EFF claim it is
Source: SundayTimesZA - 🏆 47. / 51 Read more »

ANC to meet on Monday to discuss Zandile Gumede’s fateGumede rescinded her resignation as eThekwini mayor earlier this week, after reportedly being asked to resign via text message.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

EDITORIAL: Mboweni’s challenge should bring focus to ANCThe finance minister’s realistic proposals to get the country out of its low-growth trap should be taken seriously
Source: BDliveSA - 🏆 12. / 63 Read more »

'We could lose all senior positions': Gumede saga could cost ANC | IOL NewsGumede went last week to Luthuli House to challenge the party’s provincial executive committee’s (PEC) decision to fire her.
Source: IOL - 🏆 46. / 51 Read more »

Eastern Cape ANC to attend funeral of 'revolutionary' Gavin WatsonThe who’s who of ANC comrades from the Eastern Cape and the party’s national structures are expected pay their respects at a funeral for Gavin Watson in Port Elizabeth on Tuesday.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Eastern Cape ANC to attend funeral of 'revolutionary' Gavin WatsonThe who’s who of ANC comrades from the Eastern Cape and the party’s national structures are expected pay their respects at a funeral for Gavin Watson in Port Elizabeth on Tuesday.
Source: SowetanLIVE - 🏆 13. / 63 Read more »