Business warns Cyril Ramaphosa on runaway debt

by SA’s biggest business organisation, which says runaway government debt now poses the risk “of taking us all down”.

Business Unity SA president Sipho Pityana says the economy is in a worse state than it was 18 months ago because of government’s reluctance to take the hard decisions required to stabilise public finances and create conditions that are more conducive to economic growth. Unless government itself acts to cut government spending, it will be forced into an austerity programme by the International Monetary Fund when private lenders turn their backs on the country, Pityana says.

jacquescupido12 politicsblahbla CyrilRamaphosa in his lengthy respond to section 7 (9) that was sent to PublicProtector or AdvBMkhwebane, has not revealed that Jamnadas was his campaign main key in fund raising. He prolong in misleading the public. RamaphosaLeaks

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Nzimande calls for an end to the ‘investment strike’ - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.SACP General Secretary Blade Nzimande says they reject the notion that the economy has been suffering since President Cyril Ramaphosa took the reigns. Ramaphosa failed to do so, what makes him think he can do so? Like he knows about investments..
Source: SABC News Online - 🏆 32. / 51 Read more »