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STUART THEOBALD: Cosatu’s Eskom bailout proposal is unworkable and dangerous

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It is astounding that the plan has gone as far as it has when it is mathematically impossible

Contagion from SA’s state-owned enterprises crisis is heading for its development finance institutions.

It started with a plan tabled by Cosatu two weeks ago that has inexplicably gained some level of support from business to government. It is, however, totally unworkable.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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