R520 billion down the SOE drain

[Bloomberg]

R520 billion down the SOE drain

Bailouts for cash-strapped South Africa’s state companies have cost taxpayers R456.5 billion over the past nine financial years, and the bill is set to rise to R520.6 billion by the end of March next year.

 

[PaulGherkin]

South Africa kissing R520bn goodbye
South Africa learns a R520bn lesson
South Africa's massive R520bn loss
This one thing cost South Africa R520bn

 

[Bliksis]

(thumbsuck any amount) down the drain.