DA calls for audit of Cuba-loan
16 May 2022
Note to Editors: Please find attached English and Afrikaans soundbites by Willem Faber MP.
The DA will write to the Auditor-General of South Africa (AG), Tsakani Maluleke, to request an urgent audit of the ANC government’s loan to Cuba.
In answer to a written parliamentary question from the DA, President Cyril Ramaphosa revealed that a total of R147 631 000 has been loaned to Cuba since 2018, in a deal a deal set up by former President Jacob Zuma in 2010 after his state visit to the country. Of the more than R147 million loaned to Cuba, more than R63 million has been paid back.
But the DA has serious concerns regarding this loan – not least of which is the fact that it is fiscally very irresponsible for South Africa to loan money to any country. We have one of the highest unemployment rates in the world, and our economy is in tatters after the severe mismanagement of the Covid-pandemic and years of State capture, looting and corruption by the governing party and almost all connected with them. The ANC government’s justification of this loan, as well as its intention to spend a further R50 million in aid to Cuba, is reprehensible.