Cabinet reshuffle will harm NGOs, warns organisation
5 April 2017
Cape Town – President Jacob Zuma's Cabinet reshuffle and the credit ratings downgrade will make it harder for already struggling NGOs to raise money, the Community Chest of the Western Cape warned on Wednesday.
"As it stands, it is hard to raise money for the important work being done by NGOs in this kind of environment and economy," said Community Chest CEO Lorenzo Davids.
Davids said the organisation is worried about how the poor will be affected by higher debt repayment fees and higher food and transport costs arising from higher currency costs.
There could also be a possible increase in inflation and long-term unemployment.