Ramaphosa defends the NHI and confirms his stance on pensions

Ramaphosa defends the NHI and confirms his stance on pensions

- President Ramaphosa has slammed some critics of the NHI

- He says that many of them are opposed to economic transformation

- Ramaphosa also confirmed that government was looking into prescribing assets

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Cyril Ramaphosa says that some of those who are opposed to the National Health Insurance (NHI) are against transformation. 

He argues that the NHI is necessary in a country which has high levels of inequality like South Africa.

"We are called upon to retain an unjust system that deprives the majority of South Africans access to doctors," the president said.

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Ramaphosa made the statements while answering questions in Parliament on Thursday, Briefly.co.za has gathered. 

The president also responded to concerns that the funding needed for the NHI would be susceptible to looting. According to News24, Ramaphosa said that this would be avoided because the NHI funds would be watched "with a hawk's eye".

Ramaphosa also spoke on the issue of prescribed assets. This is a proposal which has been at the centre of much debate. In a nutshell, this involves the use of public retirement savings to invest in other projects, such as SOEs, The South African explains. 

Ramaphosa confirmed that government was considering going down this route. This proposal has been met with significant criticism, however, particularly from the DA.

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DA MP Geordin Hill-Lewis, for example, has raised concerns about the proposal, saying that it may put people's pensions in jeopardy.

He argues that, for many South Africans, their pension fund represents their entire life savings and, as a result, these funds should be handled with the "utmost care", according to fin24.

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Source: Briefly.co.za

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