• Skip to main content
  • Skip to header right navigation
  • Skip to site footer

Submit your local news to MyCapeTown HERE

  • WordPress
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube
  • Bluesky
My Cape Town

My Cape Town

Cape Town Community News and Events

  • Events
  • Daily News
  • Submit News
  • Dam Levels
  • Stratlec Shop
You are here: Home / Uncategorized / DA calls for audit of Cuba-loan

DA calls for audit of Cuba-loan

16 May 2022 by Alan

Dear Editor

The DA will write to the Auditor-General of South Africa (AG), Tsakani Maluleke, to request an urgent audit of the ANC government’s loan to Cuba.

In answer to a written parliamentary question from the DA, President Cyril Ramaphosa revealed that a total of R147 631 000 has been loaned to Cuba since 2018, in a deal a deal set up by former President Jacob Zuma in 2010 after his state visit to the country. Of the more than R147 million loaned to Cuba, more than R63 million has been paid back.

But the DA has serious concerns regarding this loan – not least of which is the fact that it is fiscally very irresponsible for South Africa to loan money to any country. We have one of the highest unemployment rates in the world, and our economy is in tatters after the severe mismanagement of the Covid-pandemic and years of State capture, looting and corruption by the governing party and almost all connected with them. The ANC government’s justification of this loan, as well as its intention to spend a further R50 million in aid to Cuba, is reprehensible.

More than a thousand children have died due to malnutrition in South Africa in 2021/22, and instead of addressing food security and poverty here, the ANC government is giving away money we don’t have.

The DA will ask the AG to also investigate whether the Cuba-loan agreement and the R50 million “donation” – which the Minister of International Relations and Cooperation, Naledi Pandor, have since stated would be given as food – could possibly be a money-laundering scheme where the money lands back with the ANC. The ANC government has proven that there is no scheme to foul to feed their greed.

Regards

Willem Faber MP
DA Member of the Portfolio Committee on International Relations and Cooperation

Category: Uncategorized

you may also love

We're in it to win race, says Lance

Lance Armstrong and SA teammate Daryl Impey are going all out to win tomorrow’s Cape Argus Pick n Pay Cycle Tour, but …

Saturday Open Thread

It’s the Saturday open thread. Original Post on Cape Town Property Bubble: Saturday Open Thread

Cape Town Image: Chapman’s Peak Drive

A Cape Town Chapman’s Peak Drive tagged image from photographer – GOC53 as published on Flickr. Chapman’s …

Best Looking Burglar Bars

Elegant intruder prevention for the discerning homeowner. Our horizontal fixed louvre design, with quality finishes, provides …

About Alan

Previous Post:MyPREssential Supplies to Help Damage-Proof and Organise Your Self-Storage Unit
Next Post:Changes to the provincial cabinet coming into effect today

Copyright © 2026 · My Cape Town · All Rights Reserved · Powered by Reach Trust