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DA calls for privatisation of SOEs ahead of budget speech

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The Democratic Alliance (DA) has outlined its expectations ahead of Wednesday’s Budget Speech. Finance Minister Malusi Gigaba will face a tough time when he delivers his speech amid a growing budget deficit against the backdrop of low economic growth.

Speaking at a media briefing in Cape Town, DA Leader Mmusi Maimane has called for the privatisation or part-privatisation of South African Airways and Eskom.

“We must stabilise public finance by announcing a package of austerity measures and a comprehensive spending review. We must review the integrity of institutions by firing Tom Moyane. We must reform SOEs by privatising or part-privatising Eskom and ultimately we must mitigate the long term financial risk by terminating the nuclear programme and NHI. Our whole campaign is to look at how to create jobs and to assist in the growth of the of the economy so that more people can be employed.”

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