Godongwana said government’s gross borrowing requirement was being financed through the issuance of domestic short- and long-term loans, foreign currency long-term loans and cash balances.
“The market participants buy the bonds on behalf of their clients, which include pension funds, foreign investors, insurers, monetary institutions, other financial institutions and individuals, to name a few,” he said. “The money was borrowed from rapacious lenders, not investors. Mr Godongwana hasn’t disclosed the names of the domestic lenders despite a parliamentary obligation to do so.
hypocrites must keep quiet as if they're innocent on the current system worshipped by media
Socialist mentality - redistribute into economic growth. Worked in ZERO countries world wide. When there is nothing left to ‘redistribute’, borrow more and ‘redistribute’ some more. Growth doesn’t happen. The EFF’s ‘redistribution’ would be so much worse than the ANC’s.
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Obvious FloydShivambu there were too many black bee quotas and 30% pass rate idiots who could not cope with bantu education handling the money.
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