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Gauteng govt looking at mixed financing plan to pay for state-owned bank

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Finance MEC Jacob Mamabolo on Thursday presented the due diligence reports on the provincial government's plans to establish these entities.

JOHANNESBURG - The Gauteng government said it is looking at a mixed financing plan to pay for the establishment of a state-owned bank and pharmaceutical company.

An aide announces government has spent R4 million so far on the research. TCG pic.twitter.com/Vufk3oS7oq Mamabolo said that the current provincial Cabinet was under no illusions about the worsening financial health of the province.

 

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