I refer to Dick Forslund’s article, which is well thought out and makes perfect economic sense. Unfortunately, there is one problem — this is SA, one of the world’s most corrupt and wasteful countries.
An IMF bail-out would be very unappealing. Dictatorial economic policies together with strict austerity would hurt us all, but a PIC bailout will result in looting, wastage and the PIC being out of pocket for multi billions. Another state disaster would likely be unavoidable. It would cripple us.