Presidential inauguration costs will soar to R120 million
25 April 2019
It is no secret that the South African economy is in dire straits. The government has had to fork out billions of taxpayer’s money to prop up failing SOEs which have been gutted by decades of ANC corruption and mismanagement.
President Cyril Ramaphosa is fully aware of the state of our country and the fact that 10 million South Africans cannot find a job and put food on the table. Yet, in the face all this, the DA can confirm that the Presidential inauguration, scheduled to take place on 25 May 2019 at Loftus Versfeld Stadium in Tshwane, is set to cost South Africans an astounding R120 million.
In the wrap up of the 5th Parliament, political parties were informed that the costs for the 2019 Presidential inauguration as well as the opening session of the 6th Parliament would be kept to an absolute minimum given the desperate financial state we find ourselves in after 25 years of ANC rule.
A budget of R60.6 million was requested by the Parliamentary Administration for the rollout of the 2019 Parliamentary inauguration programme which will see all 400 incoming members of Parliament on-boarded, trained and inducted.