# The DA has warned against what it calls risky and irresponsible borrowing for the ANC’s proposed Transformation Fund. DA spokesperson Toby Chance says the Trade, Industry and Competition Department plans to secure between 34-billion-rand and 50-billion-rand from the African Export-Import Bank. He argues the fund could burden taxpayers with unpaid loans, insisting that borrowed money should instead boost exports, infrastructure, and job creation.
DA warns against billions for ANC’s Transformation Fund