15 November 2021 1 Min Read
LETTER: Use R120bn wisely
Pay off part of Eskom’s debt
An Eskom logo is seen at the utility's Megawatt Park headquarters in Johannesburg. Picture: BLOOMBERG/WALDO SWIEGERS
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It seems inevitable that the ANC government will spend the extra R120bn in revenue by continuing, in one way or another, to buy the electorate’s votes at the upcoming national elections.
Eskom is drowning in debt (the result of the ANC’s past gross mismanagement and corruption), on which it pays more interest than it receives in income.
Surely the most effective use of that R120bn would be to invest it in SA’s future by putting it into Eskom and reducing the interest load?
Robert Stone
Linden
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