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Putting Eskom’s debt on the government balance sheet...In danger of being overlooked by the Eskom catastrophe is the crisis confronting the Public Investment Corporation. Until load shedding started, it was the PIC and its finances that occupied news pages. The PIC’s crisis, however, is not financial. It is political and moral. The struggle again...
Source: dailymaverick - 🏆 3. / 84 Read more »
Budget: It just keeps getting harder to balance state booksBudget 2019: Tito Mboweni was already facing an almost impossible juggling act given existing fiscal constraints. Now he must contend with the Eskom bailout. Since 1994, South Africa has gone through six finance ministers, most leaving their positions or let go during the most turbulent economic times. Thanks to nine wasted years of corruption and robbery of state assets. Zuma is like herpes. It lingers and lingers and nobody wants to acknowledge it 😂💦 In other words, Tito will feed the nation and investors bullshit as the ANC does not want to upset the unions so close to election. We are properly fukked be these bastards.
Source: mailandguardian - 🏆 2. / 92 Read more »