LETTER: High debt cannot be ignored
Duma Gqubule’s references to the Public Investment Corporation and the Unemployment Insurance Fund reserves also neglect the other side of the ‘state balance sheet’
I agree with a number of points in Duma Gqubule’s recent column (There are Many Ways to Skin the Eskom Debt Cat (https://www.businesslive.co.za/bd/opinion/columnists/2019-08-06-duma-gqubule-there-are-many-ways-to-kill-eskoms-debt/), August 6).
The medium-term strategic framework used to implement the National Development Plan (NDP) is unwieldy and not working; the longer decisive action on Eskom is delayed the more costly any assistance; and creative thinking is needed to get Eskom’s balance sheet fully stabilised. Removing the National Energy Regulator of SA’s tariff-setting powers is an option he does not mention.