Two elephants in the budget room

There are many reasons why Wednesday's budget will be a very tough one with many different taxes raised, There are the usual frequently mentioned reasons and two big ones that seem to have been overlooked by most budget soothsayers. The obvious reasons include the underperformance by SARS, government overspending, the huge cost of the bloated …

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Another R20 Billion to Eskom? The answer should be hell no!

The new Eskom team is reported to be begging local banks to lend it another R20 billion to help it keep going. If I was a bank I would say “hell no, not until you publish your interim financial results, show me a believable survival plan, and get the new board members to personally underwrite the …

Continue reading Another R20 Billion to Eskom? The answer should be hell no!