SIKONATHI MANTSHANTSHA: Another Eskom bailout looming
How would you destroy an iconic institution? Easy. Study Eskom, particularly since 1996
How would you destroy an iconic institution? Easy. Study Eskom, particularly since 1996. If you are dedicated to destruction, within a generation, you would have successfully killed off the dream of a new nation that started with much potential. With it you’d have killed off any hope of transforming the majority of the citizens from low-income wage earners to join their white compatriots in a middle-income society. PODCAST: Unpacking South Africa's decline Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm This is what has been achieved by democratic SA, with Eskom now living from hand to mouth. The R5bn bailout that finance minister Tito Mboweni was forced to hand over to Eskom last month is the clearest testament to the government’s total commitment to killing off the utility. Presumably, this came from the R350bn the government has guaranteed to back Eskom’s R420bn (and growing) debt.Officially, the bailout became necessary after the delay of a loan disburse...
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