DA vows to vote against further SOE bailouts

JOHANNESBURG - The Democratic Alliance (DA) says it will vote against any further bailouts of struggling state-owned entities.

The party says this is one of its non-negotiables in the Government of National Unity (GNU).

The DA held a media briefing on Friday reflecting on the 100 days of its participation in the African National Congress-led GNU.

Through the GNU the DA has six ministers, five deputy ministers, and a deputy speaker serving in the National Executive.

READ: Ramaphosa removes SOEs from the Department of Public Enterprises

DA leader John Steenhuisen says the party is not there to rubber-stamp mistakes of the past.

“SA has spent over R350 billion in bailouts for SOEs in the last ten years and that’s one of the reasons we are in such a difficult fiscal crisis. Money that should be available and readily available for teachers and nurses is now gone, it has to stop somewhere and we intend it to stop now.”