LETTER: New equity-linked gilt stocks could help fix the roof
Following Mamokete Lijane's column I would like to suggest a few bold steps the government could take to fix the roof while the sun is still shining (“Treasury’s cash haul calls for wisdom or we may still go bankrupt (https://www.businesslive.co.za/bd/opinion/columnists/2021-02-16-mamokete-lijane-treasurys-cash-haul-calls-for-wisdom-or-we-may-still-go-bankrupt/)”, February 16). It seems that we may have little time to enjoy the current spate of good financial news before the roof caves in.
The pleasing news from the Treasury on its healthy cash position, bolstered by enthusiastic gilt sales, gives us a brief reason to smile. Unfortunately, it doesn’t scratch the surface of the medium- to long-term exchequer capital requirements...
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