The state’s ability to pay off its debt seems almost impossible. According to Center for Development and Enterprise (CDE) spokeswoman Ann Bernstein, it would take the state 1000 years to settle its debt if they were able to repay R100 per second.
The gap between income and expenditure since 2009 is the main reason for the enormous debt burden. The spokesman said some state entities must be closed down because of the inability to be managed economically.
Bernstein added that the government should show the necessary leadership to bring about change, but experts say the unions will not allow people to be fired even though state entities are overstaffed.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
