It isn’t yet clear just how much the damage in the KwaZulu-Natal (KZN) and Eastern Cape floods will cost as President Cyril Ramaphosa says this is still being assessed.
Ramaphosa addressed the nation on the floods which devastated both provinces, especially in KZN where 443 people lost their lives while nearly 50 others remain unaccounted for.
National Treasury has already set aside R1 billion in relief funds for KZN, while the Eastern Cape will also receive some form of financial assistance, particularly because a national state of disaster has now been declared.
Other provinces, including the Free State and North West are bracing for possibly devastating weather conditions in the coming days, as predicted by the SA Weather Service.
The KZN Economic Development MEC Ravi Pillay has previously said that the damages from the floods will cost the province several billions of rands – now President Cyril Ramaphosa has also given that indication.
“A comprehensive assessment of the economic cost of these floods still has to be made, but it is clear that it will run into billions of rands for the rebuilding of infrastructure and loss of production,” Ramaphosa said.
The extent of damage is quite massive – Infrastructure South Africa is working with relevant departments to provide technical support for the repair and rebuilding of infrastructure such as roads, bridges and schools.
The province is still recovering from the economic damage spurred by the July unrest, which saw well over 100 000 job losses.
In addition, the president has mentioned that Parliamentarians will also be roped in to ensure they play their part in the relief efforts.
“I will be approaching the Presiding Officers to request a Joint Sitting of Parliament next week to ensure that the elected representatives of the people of our country can be directly involved in oversight of the work that is needed to provide relief and to rebuild”President Cyril Ramaphosa