Your editorial (“Cosatu plan needs to be thought through (https://www.businesslive.co.za/bd/opinion/editorials/2020-02-07-editorial-cosatu-plan-needs-to-be-thought-through/)”) has merit only if the editor genuinely believes the presidency has control over the rapidly declining economic situation. Driven by the implosion of SAA and the current reality, the credit markets have now drawn their lines in the sand — there will be no more loans under any circumstances.
The ANC collective now appears to conclude it no longer steals from Peter to pay Paul, and now has to rely on its surrogates, in this case Matthew Parks, to persuade the public that Eskom can continue as is with just another R250bn from pension funds. ..
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