Following the disappointing mid-term budget speech by Tito Mboweni, the Rand reached its lowest level in weeks. Eskom’s rescue plan has nowhere really figured in either Pravin Gordan’s submission or Mboweni’s budget reason. The government’s financial situation is rapidly deteriorating with the national debt of R3 trillion and a tax deficit of R53 billion. Moody’s..
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SA has a national debt of R3 trillion rand and tax deficit of R53 million
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Eskom is SA’s downfall with net loss of R20.7 billion and a deficit of R59 billion
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The latest Eskom financial report just released shows once again that the entity is causing the country’s financial collapse. The shock announcement that the power supplier is showing a net loss of R20.7bn for the financial year confirms that Eskom is holding the ANC regime hostage. If the ANC regime wants to see the country..
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