The DA slammed the minister’s announcement of bailouts for failed state-owned enterprises including the Land Bank, Post Office and SAA, saying it is “a clear misallocation of public funds”. Budget2023 Read more here 👇
Finance Minister Enoch Godongwana delivers the Budget2023 to the National Assembly, Cape Town City Hall. Picture: Government/Twitterbudget speech, saying it was a “missed opportunity” for the country.
Offer solutions to revitalise state-owned enterprises or address the energy crisis. Godongwana announced the government would take over Eskom’s debt of R254 billion to restore the struggling power utility’s financial viability.Alleviate the burden on overtaxed South Africans. “Given South Africa’s likely greylisting later this week, it is imperative that these institutions’ capabilities are strengthened even further.”, Economic Freedom Fighters leader Julius Malema said Godongwana’s budget speech offered no clear strategy on solving the country’s problems.
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