DA MP Geordin Hill-Lewis was speaking on Wednesday during a parliamentary debate on the financial burden of sustaining unprofitable state-owned entities, and how the government can reappropriate the continual bailouts used to sustain these entities.
He said these bailouts and guaranteed future bailouts had brought the country’s finances to the point of ruin. “Three decades obliterated,” said Hill-Lewis. “I genuinely feel sorry for ANC members. I’m sure at one point some joined the ANC wanting to do good, to change South Africa for the better. And now they have to defend the comprehensive disaster that is the ANC’s legacy in government."“Why does the ANC persist in the propping up of state-owned companies whose failure is so large that it threatens the very continuity of the state? On the face of it, this is pure insanity.
“I think he will find the public don’t take kindly to their intelligence being insulted. Of course this is another bailout, and it won’t be the last. We all know that. Of course there is nothing different. It’s still the same SAA, and there’s no private investor,” he said.“After bargaining, comes depression. The common signs of which are withdrawal from society – perhaps to a mountain farm.
What is showing for bailing out Edcon ?
We won't use SAA.
DA must just shut up. They represent racists.