Source: Loan Digest (loandigest.net)
Absolutely not. According to business principles ,if your business cannot compete and fails, then you close doors that's the way it works, if they get a bailout this country is on the road to failure. Opportunities will open for others to succeed where Edcon has failed.
This bailout shit must come to an end! It waste of time to bailout Edcon or any other!
Landlords, shareholders, banks should do bail out if any to be done, they will take the hit if it folds, Edcon should be presenting to these stakeholders re debt holidays, haircuts, debt to equity conv. If they can't do it, gotta fold.
No! That’s Crony Capitalism! In a free market, those who lack the ability to perform deserve to fail. Clear out the bad ideas, and let efficiencies and good ideas thrive. Bailing out bad practices and ideas just perpetuates this trend. No lesson learned.
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