Loan to Cuba

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  • Blurock
    Diamond Member

    • May 2010
    • 4203

    #1

    [Opinion] Loan to Cuba

    South Africa on Friday formalised a R350-million economic aid agreement with Cuba. In essence it is just another grant to Cuba as they have no means (or intentions?) to ever repay the debt. In 2010, South Africa wrote off two debts, to the tune of R926-million and R121-million, owed by Cuba.

    The Package is a follow-up to President Jacob Zuma's state visit to Cuba in 2010, at which time he announced an economic help package to that country. It is high time for Zuma to stop gallivanting around the world and take cognisance of the suffering of his own people in the rural areas?

    The deplorable school infrastructure and lack of services in rural areas have been well documented. Then there is the decaying transport infrastructure. Roads are not being maintained or upgraded due to lack of funding. Look at all the potholes! There is a backlog in housing and sanitation. Escom is in trouble, local government projects are put on hold. Wherever we turn there are backlogs and a decline in services. All this is being attributed to lack of funding.

    Time for the ruling party to wake up, stop partying and look after our own!
    Excellence is not a skill; its an attitude...
  • Dave A
    Site Caretaker

    • May 2006
    • 22803

    #2
    I don't know if anyone has ever sat in a meeting where the trade union folk are espousing how marvelous Cuba and its brand of communism is, particularly the health care apparently.

    A real inspiration as to how we should be doing things here...

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    • gac
      Bronze Member

      • Dec 2011
      • 175

      #3
      I'd like to know how much of that "Loan" is finding its way back into JZ'z and his cronies pockets?

      Comment

      • Petrichor
        Silver Member

        • Nov 2011
        • 427

        #4
        What would the justification for this be? Surely trade with a country like Cuba cannot be of any significance to SA? Is this just a case of cronyism and lining ones own pockets like gac pointed out.

        Comment

        • Justloadit
          Diamond Member

          • Nov 2010
          • 3518

          #5
          Do remember that they supported the ANC during the apartheid years, it may just be payback time.
          Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
          Solar pumping, Solar Geyser & Solar Security lighting solutions - www.microsolve.co.za

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          • Blurock
            Diamond Member

            • May 2010
            • 4203

            #6
            Originally posted by gac
            I'd like to know how much of that "Loan" is finding its way back into JZ'z and his cronies pockets?
            Watch who are now smoking Cuban cigars....
            Excellence is not a skill; its an attitude...

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            • wynn
              Diamond Member

              • Oct 2006
              • 3338

              #7
              Oh! they are also importing sugar from Cuba?
              "Nobody who has succeeded has not failed along the way"
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