Thursday, November 29, 2012

DA wants clarity on Bank SA retrenchments

Imogen Vollenhoven
29November 2012

Reports in the media that the development Bank SA are set to retrench 450 staff members, including infrastructure development professionals, should raise questions in the minds of South Africans about the state’s capacity to implement the 4 trillion infrastructure program.

DA Shadow Deputy Minister of Finance David Ross further adds that the end of October he posed a question to Finance Minister Pravin Gordhan to ascertain further details on the proposed roll out strategy of the infrastructure build program.

 The ramifications of this could be disastrous as 4 trillion could quickly spiral out of SIP’s as much as two years. 

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