Johannesburg - President Cyril Ramaphosa has reportedly told the ANC’s national executive lekgotla meeting that the government may increase public borrowing to fund South Africa’s vaccination drive.
The NEC is holding its lekgotla and the meeting will run throughout the weekend. The ANC and Ramaphosa had indicated the issue of the Covid-19 will dominate discussions.“We are also engaged in discussions with the public sector for companies to make a further contribution, either into a pooled fund or where employers can cover the cost of vaccination for their workforce.
While National Treasury was this week also reportedly considering a tax hike as another means to fund the vaccination drive, the proposed move has been heavily criticised by the Organisation Undoing Tax Abuse which has slammed the government's consideration of raising taxes to fund the country's Covid-19 vaccination drive.
Outa CEO Wayne Duvenage said that raising funds for the Covid-19 vaccine was an opportunity for the government to show South Africans that it is serious about reducing the cost of a bloated government, unprofitable SOEs and recovery of funds lost to corruption.
RSA auctioned off to the highest bidder!!!
Zuma depleted all our reserves
We are paying Bill Gates...
This useless leaders are forfeiting billions in tax collections from SAB en the entire liquor value chain, now they want to take whatever that's left for us, We are led by masturbators tjerrr
What happen to R500 billion stimulus
Is R500 billion really finished?
Only if you and your cabinet redirected funds to the important course that made you go take the 500Billion in the first place. You need money find ways of recouping back all da money stolen,misused and wasted Honorable President.u know who stole by now
Some will be rubbing their grubby hands
As if any in that NEC actually instances macro economics
Use SARB Cyril, it’s there for a reason
The vaccine is R120 for two doses why do we need to borrow money. 16 million people are on medical Aid 🚑.
It's a retreat call, knowing that borrowing won't draw as much public ire as hiking taxes because elite politicians had long become soulless capitalists leaving the poor even further behind than they were in 2006.
So those Solidarity Billions went exactly WHERE?
He told, question: what has he to say, isn’t he just one of the ANC muppets, doing what the NEK tells to do?
This country is going down the knees,surely this guy want to take this country to the ground from there him and his family will fly to Davos that's where he kept his wealth,what kind of a country that keeps on borrowing money of which there's no one who account for it? R5 Bill?
What happend to 500 billion guys 🤷🏿♂️🤷🏿♂️🤷🏿♂️. Can someone account for what happend to it, haaaaaayyyy suka mxm....
We are led by fools.
VusiSambo Dear CyrilRamaphosa tito_mboweni suggestion: petition pension funds to loan 10% of their reserves to fund vaccines.repay over 10-15 yrs 8%. I'm happy if you use mine.after all that's also public money? We/I are/am the public.I remember the loan levy concept..
Why don't they recall this fool?
They have found another way to make money. It is not to fund vaccination drive, but to steal it
What's the role of SARB? Is it to give big five banks 540 billion and not the government?
No accountability for the 500 Billion stolen and within a short space of time we are borrowing again. The country is going down a slippery slope, President Ramaborrower...
Developmental funding dololo
Mmmm hay shame ANC is letting the citizens down soon they borrow 500 billion and within two months finish... They want to increase tax but still want to borrow another money... All deputy minister and other minister we don't know their job gets full salary.
We borrow but stealing side is in steroids the other side. It's like going to borrow money to buy food for family knowing that one of you is definitely going to steal it. The money will not get to buy food so why bother.
Uphi R500 billion
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