SA could pay half a billion towards AU's running - Reports
A report says the AU is expected to adopt a new funding model which will see SA contribute R700 million.
JOHANNESBURG - As the African Union (AU) summit gets underway in Sandton today it's being reported that South Africans will soon have to pay over half a billion rand toward the organisation's upkeep.
A report in the Sunday Times states the AU meeting is expected to adopt a new funding model which will see South Africa's contribution to the organisation grow to R700 million.
The newspaper is reporting that South Africa's contribution to the AU will almost quadruple from $17 million to about $64 million if heads of state approve the increase in funding from member states.
The jump would come at a time when Finance Minister Nhlanhla Nene is under pressure to reduce government spending.
It's the latest development in what is seen as a move by the organisation's member states to reduce the AU's dependency on foreign aid which currently stands at over 70 percent.