DA presents alternative budget to ‘grow economy, fight high cost of living and keep lights on’

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The DA has reiterated its call for the privatisation of Eskom and the opening of the energy sector to Independent Power Producers (IPPs).

In the interim, the party says, Eskom should prioritise the streamlining of its procurement processes while letting in huge private capacity to power South Africa.

The DA does not support the creation of a new electricity ministry or the declaration of a state of disaster as announced by President Cyril Ramaphosa during his state of the nation address earlier this month. It said it would not support any expenditure in this regard. The DA's economic policy framework, when implemented, would accelerate the reduction of national debt and solidify South Africa's fiscal position, said George. That would be accomplished through the cultivation of robust economic growth, which surpasses the trajectory projected under the current administration, he said.

The DA would provide conditional direct income support for the most vulnerable and pay for this by accelerating economic growth and generating the necessary revenue. “If government implements the requisite policies to spur economic growth and contain debt, as presented by the DA’s intricate policy framework, a basic income grant becomes viable,” he said.

 

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