Johannesburg – The nuclear build programme will end up costing the South African economy over R3trn in debt, according to civil society group Organisation Undoing Tax Abuse (Outa).
The organisation released a video this week unpacking the economic impact of the deal. South Africa’s current debt level is at R1.89trn and a nuclear deal can escalate this to above R3trn.
It is estimated South Africa will have to borrow R1.2trn for the deal. “R1trn will be enough to build 100 million RDP houses. Two houses for every man, woman and child in the country,” stated the organisation.