Maimane asks Ramaphosa to reveal T&Cs of the R33 billion loan within 14 days

The Democratic Alliance leader Mmusi Maimane says he wrote to President Cyril Ramaphosa asking him to table the terms and conditions of the R33 billion loan agreement recently signed with the Chinese Development Bank.

Maimane has given Ramaphosa 14 days to respond.

He says that the country comes from a history of state capture and if the deal is transparent, then Ramaphosa will have nothing to hide.

Read: Eskom borrows R33.4 billion from China (backed fully by you, the taxpayer)

Let's stop the secrecy, let's be clear about the terms and conditions so that South Africans can be sure that their money is not given to loan sharks.

Mmusi Maimane, DA leader

If we take out a loan at levels that are higher than what we can repay, you can appreciate that it sets us on a fiscal risk.

Mmusi Maimane, DA leader

Maimane says if Ramaphosa fails to disclose terms and conditions of the loan, they will submit a Promotion of Access to Information Act (PAIA) request for the loan terms to be made public.

To hear the rest of the conversation with Mmusi Maimane, listen below:


This article first appeared on CapeTalk : Maimane asks Ramaphosa to reveal T&Cs of the R33 billion loan within 14 days


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