EDITOR’S LUNCHBOX: Loan guarantees to SOEs are a recipe for disaster for whole financial system
Stories of Note Bytes from the digital world How we laughed when former Eskom director and Gupta employee Mark Pamensky got told by the press ombudsman: "The story was not about you — in fact, it did not even mention your name." But it turns out the joke was on us since the R1.5m tab Pamensky rang up through frivolous litigation was picked up by Eskom. The government’s ballooning loan guarantees to state-owned enterprises is placing SA’s whole financial system at risk, the South African Reserve Bank warned in its latest financial stability review. https://www.businesslive.co.za/bd/economy/2017-11-10-reserve-bank-flags-soes-defaulting-on-debt-obligations/ In my opinion Matters of debate Police states announce themselves long before they arrive. Those they will gun for need first to be slandered and dragged through the mud. Making up false histories for people is a prelude to hurting them, warns Jonny Steinberg. Outwardly, Freda Feldman and Irma Stern were not destined to be friends: ...
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