Unemployment, corruption and poorly managed SOEs crippled economy, say opposition parties

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Opposition parties have called on the government to address unemployment, corruption and poorly managed state-owned enterprises (SOEs) which they argue are crippling the country’s economy.

The Covid-19 outbreak has fuelled corruption, he added. “Our economy is not recovering. [Those in government] use the tender system to enrich themselves through PPE deals. Unemployment keeps rising and Covid-19 is putting a damper on all of it,” he said.

“We need to start reviewing matters. The problem with corruption in SA is that we are not changing the narrative. There must be consequences for perpetrators of corruption. We must root out corruption. IFP president Velenkosini Hlabisa echoed these sentiments on corruption crippling the “already ailing” economy.

Source: Financial Digest (financialdigest.net)

 

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