HILARY JOFFE: Debt restructuring is an attempt to solve the wrong Eskom problem
08 March 2020 - 00:13
To what problem is a restructuring of Eskom's debt the supposed solution? And would any of the variants floated be the answer to our Eskom crisis? With Cosatu proposing to bring workers' pension money to the table and President Cyril Ramaphosa talking special purpose vehicles (SPVs) as he makes approving noises about an imminent social compact on Eskom, clarity on what everyone means is ever more important — and ever more elusive. And the danger grows that the obsession with the debt just distracts from dealing with the real and difficult operational issues at the heart of the power crisis...
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