SA Politics Thread Part 12

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Well done to the National Treasury for refusing to give more leeway to the corrupt & useless Gauteng provincial government. Agreements are agreements - you need to stick to them. Perhaps you wouldn't need more headroom if you didn't steal some (most?) of it?

National Treasury has rejected a request by the Gauteng Provincial Government for a waiver of the R3.3 billion interest payment on the province’s 30% contribution towards the South African National Roads Agency (Sanral) Gauteng Freeway Improvement Project (GFIP) e-toll debt.

However, it approved a request for the province to borrow R4.1 billion for road maintenance related to this e-toll debt.
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Maile said in June that Gauteng was having discussions with National Treasury on the payment terms to alleviate financial pressure on the province “and to give us some additional resources that we can use immediately to deal with immediate social challenges”.

He said Gauteng will over the next few years have to allocate a substantial amount of funds each year to service its e-tolls repayment obligations – and that this will be happening in a constrained fiscal environment, details of which the province expressed in its initial budget speech and reiterated when it retabled its budget for 2025/2026.


“The reality of the situation is that the funding envelope is stretched by existing allocations, particularly in terms of keeping critical social programmes in health and education funded,” he said.
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www.moneyweb.co.za

‘No’ says Treasury to R3.3bn Gauteng e-toll interest waiver

But will allow it to borrow R4bn for backlog maintenance related to the Gauteng Freeway Improvement Project.
www.moneyweb.co.za www.moneyweb.co.za
 
ToxicBunny said:
Oh, well isn't Squirrel such a magnanimous fellow letting his lowly underlings use more couches than him.
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Oh definitely not, Cyril has an uncle in the furniture business, hes got far far more than 7 couches.
 
ToxicBunny said:
Ahhhh he obviously stashes them in DA-Town since its safer than anywhere his mafia glm "controls"
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If he tried to stash it in that Panyaza run schit hole they would get lost in the pot holes and crumbling infrastructure he was so shocked about.
 
Unhappy1 said:
If he tried to stash it in that Panyaza run schit hole they would get lost in the pot holes and crumbling infrastructure he was so shocked about.
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Panty would then blame the DA and racist whites for it going missing.... and how the ANC is going to win the next elections because UNITY!
 
It's interesting to me in more ways than one, FIFA in their uselessness will probably have been planning to use Canada and Mexico to manage Trump's tantrums, he has already denied Visas to Iran, if America is drawn with any of the countries he doesn't like, like South Africa, it is going to be even more complicated for FIFA to manage the chaos.
 
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