Mzansi responds to warnings that SA could run out of money by 2024

Mzansi responds to warnings that SA could run out of money by 2024

- Some analysts have warned that South Africa will have an economic crisis on its hands in the next few years unless government takes action

- Many people on social media expressed outrage at these warnings

- However, some remain hopeful for the country's future

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!

Several experts have warned that South Africa could run out of money in the next five years.

Briefly.co.za took to Facebook to see what citizens thought of these grim predictions.

As usual, Mzansi had a lot to say.

PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app

This comes after independent economist, Fanie Brink, cautioned that the state would would run out of funds by 2024 if current rates of increasing public debt were not reversed.

As a result, many people expressed outrage at the economic crises that South Africa is currently facing, with several commenters blaming the government.

"Because you're spending 570 billions of rands on social grants," wrote one user, Herbert Mphahlele.

Another user, Stan Motlhale, replied, saying, "ANC government bankrupted our beautiful country by looting and misusing state resources."

Others agreed that the country was in dire straits, but pointed out that other countries were struggling as well, and that life in South Africa could be worse.

"Don't get it twisted," wrote Mandy Kunene. "Yes we are in a crisis but broke is Ethiopia and we haven't reached that point."

READ ALSO: Haibo! Paris' and UK's groceries are cheaper than that of South Africa

However, some people were optimistic that South Africa's economy could make a comeback.

Shezi Senior, for example, said, "We are a strong country we survived worse look at apartheid for example . we can beat this too. We will be back."

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

Source: Briefly.co.za

Related news
MPs call for Steinhoff CEO Markus Jooste and accomplices behind bars

MPs call for Steinhoff CEO Markus Jooste and accomplices behind bars

MPs call for Steinhoff CEO Markus Jooste and accomplices behind bars
Briefly.co.za
Mailfire view pixel