DA Speeches: Financial burden of sustaining non-profitable SOEs

The following speeches were delivered by Geordin Hill-Lewis MP, DA Shadow Minister of Finance, Ghaleb Cachalia MP, DA Shadow Minister of Public Enterprises, and Alf Lees, DA Member of the Standing Committee on Public Accounts during Parliament’s debate on the financial burden of sustaining non-profitable state-owned entities. 

By Geordin Hill-Lewis MP – The ANC is grieving the end of its dream
DA Shadow Minister of Finance (072 320 1289)

“Over the last 12 years, the ANC government has spent R192.5 billion bailing out bankrupt state-owned entities (SOEs). In addition to this, they have committed the government to a further R383.2 billion in state guarantees.  

Full speech can be accessed here.

By Ghaleb Cachalia MP – To get good government, you must have good people in charge of government
DA Shadow Minister of Public Enterprises (083 675 2563)

“Let me take you back to last year when President Ramaphosa published his open letter on SOEs. He said that despite severe financial difficulties, operational problems and being mired in debt, he would not allow any of these strategic entities to fail.”

Full speech can be accessed here.

By Alf Lees MP – Don’t let the ANC kid you that this is the last SAA bailout
DA Member of the Standing Committee on Public Accounts (082 806 4340)

“On the 26th of November 2019 I made a speech in this house calling for the bankrupt SAA to be put into business rescue. Eight days later, on the 5th of December 2019 Hon. Gordhan finally had no other option and SAA was put into business rescue.”

Full speech can be accessed here.