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An Eskom logo is seen at the utility's Megawatt Park headquarters in Johannesburg. Picture: BLOOMBERG/WALDO SWIEGERS
It seems inevitable that the ANC government will spend the extra R120bn in revenue by continuing, in one way or another, to buy the electorate’s votes at the upcoming national elections.
Eskom is drowning in debt (the result of the ANC’s past gross mismanagement and corruption), on which it pays more interest than it receives in income.
Surely the most effective use of that R120bn would be to invest it in SA’s future by putting it into Eskom and reducing the interest load?
Robert Stone Linden
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Use R120bn wisely
Pay off part of Eskom’s debt
It seems inevitable that the ANC government will spend the extra R120bn in revenue by continuing, in one way or another, to buy the electorate’s votes at the upcoming national elections.
Eskom is drowning in debt (the result of the ANC’s past gross mismanagement and corruption), on which it pays more interest than it receives in income.
Surely the most effective use of that R120bn would be to invest it in SA’s future by putting it into Eskom and reducing the interest load?
Robert Stone
Linden
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
AYABONGA CAWE: A windfall blows nowhere if we don’t spend it
Enoch Godongwana sticks to script on no new spending
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.