Lack of insurance for parliament building a real concern: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Economists have warned that the fire damage caused to parliament will have a negative impact on the county’s fiscus.

Economists have warned that theThe Department of Public Works and Infrastructure has announced repairs to parliament will run into billions of Rands.national treasury and the department of public works failed to insure the national assembly buildingAs of 31st March of last year, the total value of properties under the custodianship of the department was estimated at R141 billion.

The State says it cannot afford to insure such a massive property portfolio. Abedien says, “News that the national assembly building was not insured is a real concern, it either at the department of public works or national treasury. This requires political intervention. And in my view, they need to resign as a matter of self-respect.”Meanwhile, African Transformation Movement leader, Vuyo Zungula says Police Minister Bheki Cele should take full responsibility for theZungula says the fire outbreak is a clear display of incompetence on the part of some government departments.The report makes some observations that certain fire safety appliances were dysfunctional.

Zungula says this is concerning. “The fire in Parliament has shown how incompetent some of the Departments in our country are, because if the Department of Public Works has not properly maintained Parliament which Houses the legislative arm of our state to an extent whereby the last service to the gas suppression system, the fire sprinklers were last done in 2017, clearly show we have an incompetent government.

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This is nothing compared to the continued reign of this corrupt and incompetent ANC government and what that's going to cost the fiscus for the next few years.

Yes take another loan from China

Heads are supposed to roll here. Starting from security to administration

south African economists are always spewing bullshit and bile.

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