There is no reason to borrow money for the government to squander
I wonder how many of the “100 economists” own their own story of a successful business venture they financed and embarked on? Or are they just excellent theorists?
Unless a business with a strong financial track record is temporarily handicapped by a short-term crisis, in such a scenario it may make good sense to borrow to see it through the crisis. However, SA Inc — the present government — has performed dismally these past 10 years and is getting worse with time, so there is no logical reason to borrow money for the government to squander.
Until there is accountability and a results-driven plan in place, it would be the equivalent of giving a blood transfusion to a corpse. It appears the value of taxpayers’ money is not appreciated by most of our leaders, many of whom I suspect are barely financially literate. We can be thankful we have Tito Mboweni as finance minister, as he understands the value of capital — unlike Pravin Gordhan at public enterprises, who is requesting yet more capital for SAA to be squandered.JOIN THE DISCUSSION: Send us an e-mail with your comments. Letters of more than 300 words will be edited for length. Send your letter by e-mail to
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LETTER: Warmest regards for Eskom’s late Ian McRae‘Sitting with him in his office and listening to him was like being in a master class’
Read more »
67 ways to help this Mandela Day: Giving a child with cancer the support they needThe Childhood Cancer Foundation (CHOC) aims to provide the best possible support for children with cancer and life-threatening blood disorders, and their families.
Read more »
Stabbed in the heart after a 'fight over the price of cigarettes'The man accused of killing a Lotus River dad in an argument over the price of cigarettes has denied claims that he intentionally killed the young father.
Read more »
2 700 look set to lose jobs as SAA issues Section 189 letters to employeesThe embattled SAA has begun the process of axing hundreds of workers after it issued a section 189 letter to their employees.
Read more »
LETTER: Warmest regards for Eskom’s late Ian McRae‘Sitting with him in his office and listening to him was like being in a master class’
Read more »
67 ways to help this Mandela Day: Register as a stem cell donor without leaving your homeEvery 35 seconds someone somewhere in the world is diagnosed with a blood disorder and for many, a stem cell transplant is the only hope of a cure. The Sunflower Fund partnered by DKMS is inviting prospective donors to register in the safety of their homes.
Read more »