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Budget speech: will the government use windfall gains to boost SA or repay loans?

This country is bankrupt and in financial terms it is not a going concern because its liabilities and expenses exceed its income. Finance Minister Enoch Godongwana will therefore have to further finance the budget deficit on Wednesday, which means more borrowing. However, our loans are already huge. The annual interest on our local and international debt alone is R200 billion. That amount would: buy 40 billion pancakes at a cost of R5 each from a supermarket kiosk; Putting 2.6 million South Africans into an RDP house at a cost of R75,000 per building; Enable you to buy 250 000…

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