"Ramaphosa secretive foreign loans will lead to great indebtedness and hardship for the country in the long run" - Economist, Dick Forslund
Drama/Umdlalo womoya · UKHOZI FM
November 11, 20227m 28s
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Show Notes
The Alternative Information and Development Centre says less than three percent of the $8.5-Billion climate finance deal offered to South Africa comes in the form of grants. Senior economist at the Centre, Dick Forslund says the rest takes the form of concessional loans, commercial loans and investment guarantees. Forslung adds that what these secretive foreign loans will lead to great indebtedness and hardship for the country in the long run. He spoke to Sakina Kamwendo.