President Ramaphosa shared his economic stimulus package with South Africans on Friday, and it left the country with a lot of questions and doubts. The general perception is that the #StimulusPackage is nothing more than hot air.
The president announced on Friday what plans he has to reverse South Africa's technical recession.
Briefly.co.za reported earlier that Ramaphosa's plans will cost R50 billion and is supposed to focus on South Africa's townships, rural economies and agriculture.
While President Ramaphosa seems confident that his plans will turn things around for South Africa's economy, most South Africans don't have much faith. There are those who believe in the president's plans, but unfortunately, they're in the minority.
Here's what South Africans had to say:
@HloniNyetanyane - #Ramaphosa says money will be re-directed to boost township economy. The same townships where comrades have run municipality coffers dry. The unintended consequence here will be stimulation of corruption. #StimulusPackage
@BigDaddyLiberty - The "#StimulusPackage" won't stimulate our economy...but it will definitely stimulate the pockets of politicians and rent-seeking crooked cronies! #Ramaphosa is simply announcing more DEBT and more BUREAUCRACY! Dont fall for this nonsense, we need reform not more of the same!
There were South Africans who were impressed with the president's plans:
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