Cyril Ramaphosa vowed to give the economy a boost through securing massive investments from other countries.
And, thus far he has stayed true to his promise- landing billions of rands from various investors. However, not everyone is thrilled by the capital injection into SA by foreign countries.
Recently Ramaphosa managed to get a R370 billion loan from China, which would be used to safe Eskom from its deteriorating state.
As Briefly.co.za reported previously, Ramaphosa explained how the country would repay the massive loan from the Chinese.
However, South Africans did not share the head of state's enthusiasm regarding the load- in fact, they were quite outraged about it.
Social media user Sipha Mandla, who goes by the Twitter handle @Sowellnomics, wrote Ramaphosa was making loans while using SA's land and resources as collateral.
"Cyril Ramaphosa has turned from the President of South Africa into the General Manager of China's South African operation. He has now borrowed more than half a trillion rand from China over the last two months using our land and strategic resources as collateral. Debt-trap," economist wrote on Twitter.
And, he is not the only one who believes Ramaphosa is selling the country to foreigners.
Social media user @RoxiGee wrote, "I can't get excited about these loans and I certainly don't see it as a gift as this news outlet portrays.. We need to see the T&Cs."
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