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The DA demands Cuban loan audit

The Democratic Alliance (DA) says it will write to the Auditor-General, Tsakani Maluleke, to request an immediate audit of R147 631 000 loan to Cuba in 2018, as part of an agreement struck by former President Jacob Zuma in 2010 during a state visit to the nation.

According to DA MP Willem Faber, President Cyrill Ramaphosa revealed in response to a question from his party that a total of R 147 631 000 has been loaned to Cuba so far in 2018.

President Ramaphosa said that more than R63 million of the R147 million loaned to the Cuban government has been repaid.

DA says this loan is economically unwise because it is economically imprudence for South Africa to lend money to any country.

“We have one the worst unemployment rates in the world, and our economy has been in shambles because the governing party mishandled the coronavirus pandemic and years of state capture, plundering, corruption.”

According to Fabre the ANC government’s reasoning behind this loan, and its plan to spend another R50 million in aid, is abhorrent.

This comes after the Gauteng High Court in Pretoria recently dismissed the government’s application to appeal the verdict in favour of AfriForum’s interdict to block an R50 million gift to Cuba through the African Renaissance Fund.

Minister of International Relations ans Cooperation, Naledi Pandor said her department will not transfer R50million to Cuba, but will rather buy food in South Africa and ship it to Cuba for humanitarian purposes.

Amidst thousands of children starving to death in South Africa in 2021 and 2022, the DA said it was concerned, and instead of tackling hunger and poverty here, the ANC administration is handing out money we don’t have to foreign countries.

“The DA will also request  the Auditor-General  to look into whether the Cuba loan agreement and the R50 million “donation” – which Pandor, has since stated will be given as food – could be a money-laundering scheme in which the money ends up back with the ANC.”

He stated that the ANC administration has demonstrated that there is no conspiracy to foul to satisfy their greed.

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