Ramaphosa lied about R500 Billion?
The President of South Africa Cyril Ramaphosa it appears he wasn’t truthful about the availability of the R500 Billion that was to be used for Covid-19 relief in the country.
Back in April Ramaphosa announced that the country had released R500 Billion that would be channeled towards helping citizens and companies affected by Covid-19.
However the President on his nation address speech on Thursday said they were yet to approach the International Monetary Fund for a loan.
This raised eyebrows as the speech was now in contradiction with what had been said prio on 21 April 2020.
In April the President announced that people will receive R350 special unemployment social grants to help them with basics during this time.
Most people have not received the grant and the institution responsible for that has claimed that it’s because they have a lot of people applying.
It also appears that’s not the case the real case could have been that most of the promised money is not yet available.
Economic Freedom Fighters commissar Mbuyiseni Ndlozi also raised the issue in suspicion as he asked a rhetoric question on twitter why the President was approaching the IMF if he had the money promised in April .
If you have R500 billion Relief Fund, what do you want the IMF loan for? Ufunani eIMF?
— Mbuyiseni Ndlozi (@MbuyiseniNdlozi) July 24, 2020