Part 2/10:
Burke expressed frustration over South Africa's financial scenario, particularly related to Transnet, the state-owned freight transport company, which he claims is suffering substantial losses estimated between half a billion and a billion rand every month. He emphasized that the government cannot continue to pour money into such inefficiencies and cautioned against the potential consequences of a VAT increase.
"We can't keep pouring money into Transnet, which in our estimation is losing between half a billion and a billion rand every month," Burke pronounced, highlighting an urgent need for fiscal reform.