PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Language Girl
 
Comments: 0
Article views: 147
 
 
Latest Badges:

 
View all Language Girl's badges.
 

To loan or not to loan, is that really the question?

25 September 2012, 09:50

So the Finance Ministers of South Africa and Zimbabwe, Pravin Gordhan and Tendai Biti are set to meet in order to discuss a further loan to Zimbabwe.

On the surface, there is nothing unusual in two countries discussing assistance one to the other, monetary or otherwise. However, in this instance, no matter how much spin doctoring is applied to convey the impression that this loan could be a means of applying pressure to resolve the horrendous political issues in our neighbour to the north, should South Africa even be considering such a huge loan, rumoured to be in the region of R1 billion? There have been at least two other large loans made to Zimbabwe by South Africa in recent years, of R300 million each, which seem to have been merely swallowed up by an out-of-control government beset by political infighting and ongoing disastrous economic policies. Is that really South Africa’s issue to resolve, no matter how many SADC resolutions and promises have been uttered in the name of African unity?

A quick glance at our own financial issues provides an emphatic negative. Millions still live in poverty and squalor in South Africa, without access to basic facilities, despite the numerous promises from the government that progress takes time and that change is imminent. It has been imminent for 18 years – maybe it is time to change the word to pending? Service delivery protests notwithstanding, the state of public hospitals in several provinces is quite simply appalling, and worsening, and the crime rate, spin doctoring aside, again, is little short of scandalous. The police force too clearly needs a severe overhaul, which will also require funding. All of these issues affect us, the South African taxpayer, more particularly because we are supposedly funding these services, which currently are so glaringly lacking, with the taxes which we pay, on pain of prosecution for non-payment ( are you listening Julius?).

Then of course there are the infamous toll roads, the Gauteng Freeway Project. With the ongoing legal battles, with all sides screaming outrage and necessity, alternately, surely that large sum of money contemplated as a loan to another country could go some way towards easing the financial constraints within our own country? Sanral would be more inclined to apply reason and thought to the implementation of the tolls with the possibility of a reduction in its huge deficit by means of an injection of funds from government, surely?

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Aurangzeb Thabethe
EFF and its tactics

The events inside the parliamentary corridors weeks ago must worry all of us.  Read more...

36 comments 2226 views
Submitted by
Abioye Olufemi
The absolute way to take Christma...

As Christmas is coming soon, I am prompted to write this Christmas article for all of us here at News24. Read more...

4 comments 302 views
Submitted by
goldeelocks
Phiyega.....SAY WHAT?????

Clearly the Honourable Minister has abrogated the duty of the SAPS to protect the citizens of this country! What then is the purpose of the SAPS?  Read more...

10 comments 744 views
Submitted by
Paulus
Genealogy of Jesus, and the probl...

The new testament writers were so kind as to leave 2 genealogies of Jesus for us to peruse, both of his father. Read more...

186 comments 1441 views
Submitted by
Lee Grandmaison
Everyone is entitled to their own...

"Everyone is entitled to their own opinion." If you've ever seen or been in a debate, on or offline, you've heard this phrase quite a bit. Read more...

54 comments 515 views
Submitted by
johan609
South Africa heading South

We need to speak up. We need to take a stand. We need to take action. Read more...

26 comments 2364 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.