Democratic Alliance in South Africa Raises Concerns Over State-Owned Enterprises’ Financial Woes

The DA in South Africa expresses distress over the financial challenges faced by state-owned enterprises following the National Treasury’s release of the third-quarter government expenditure report. Eskom, set for a substantial bailout, reports a significant loss, while municipal debt rises sharply. Troubled entities include the Land Bank, South African Airways, Transnet, and Denel. The DA warns against the ANC’s bailout strategy, citing potential threats to fiscal sustainability, essential services, and overall economic growth.