🚨Mthuli Ncube Inflates Trabablas Bill To USD114 Million, Using $26 Million Donor Cash ExplanationWATCH | Minister Mthuli Ncube has shocked many by saying the Trabablas Roundabout actually cost US$114.3 million, not the previously reported US$88 million. He explained that the project was funded in two parts:
- US$88 million came from a loan facility.
- US$26.3 million came from the IMF’s Special Drawing Rights (SDR).
At first, Ncube said the US$26.3 million was just a deposit needed to activate the loan. But later, he changed his explanation, saying the money was actually used to cover unexpected extra costs, mainly the cost of relocating people and services, which was only discussed after the original budget was set.
In the end, this means the full cost of the Trabablas Roundabout project is US$114.3 millio
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