The DA made several proposals to drastically reduce the government's ballooning debt. It includes cutting down on VIP security and spending less on catering, accommodation and entertainment. | JasonFelix
Cut down on VIP security for politicians, terminate the R1 billion Tottenham Hotspur sponsorship deal, and spend less on catering, accommodation and entertainment for government events.
These initiatives are part of a wide-ranging plan proposed by the DA to arrest the government's debt, which has ballooned from just 27% of gross domestic product in 2008 to 71.4%, or R4.35 trillion, in 2022/23. Added to this, debt-service costs over the medium-term, the DA believes, are expected to average R333.4 billion annually.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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.
79 People murdered per day in South Africa- January to December 2022 - South Africa TodayLike the energy crisis, South Africa has a crime problem that has taken on disastrous proportions and needs to be urgently addressed, before it is too late to turn it around, like Eskom. A total of 27 066 people were murdered in South Africa between January and December last year. That equals 2 256 per […]
Read more »
South Africa: Slain South African Rapper AKA Laid to RestThe remains of South African rapper Kiernan Forbes popularly called 'AKA' have been laid to rest in a private ceremony on Saturday, February 18.
Read more »
Africa: UN Secretary-General Guterres Advocates More Debt Relief for AfricaUnited Nations Secretary-General Antonio Guterres said Saturday that African countries are being denied needed debt relief, noting that because of a lack of financial support, the African continent is facing a very difficult situation.
Read more »
Africa: Buhari Canvasses Strengthening of Early Warning Systems to Rein in Conflicts in AfricaNigeria Advocates Early Warning Systems to Rein in Conflicts in Africa THISDAYLIVE: Africa
Read more »
Africa Live: Southern Africa braces itself for cyclone - BBC News🎶 Three of Nigeria's biggest music artists performed during Sunday's NBAAllStar game - one of the biggest sporting events in the US. Did you watch the Afrobeats-themed show with burnaboy, heisrema and temsbaby? Let us know what you thought...
Read more »
Africa: New Ocean Forming, to Split Africa Into Two, Scientists SayGeologists have confirmed that a new ocean is being created as the African continent is split in half. An international effort has revealed that a 35 miles long rift appeared in the Ethiopian deserts of the Far region in 2005 and is probably the start of a brand-new sea.
Read more »