Picture: 123RF/ RICHARD VAN DER SPUY
Picture: 123RF/ RICHARD VAN DER SPUY

The ANC is a hopelessly corrupt and hopelessly inefficient party that parasitically clings to power by handing out well-paid jobs to employees who vote for it out of a fear of being retrenched if the ANC loses power.

Unfortunately, our taxes — as high as they are — are not enough to keep state-owned entities (SOEs) such as Eskom and SAA afloat. The government therefore plans to force privately owned pension funds to lend money to it at an interest rate that is lower than it would obtain on the open market.

If it is allowed to get away with doing this, the ANC will almost certainly continue to saddle SOEs with more workers than they need, which could eventually lead to bankruptcy and civil war. Consequently, we must oppose the ANC’s plans, which include the proposed R21bn bailout for SAA, with everything at our disposal.

Terence Grant
Cape Town

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