Eskom needs more money, says electricity minister

[ToxicBunny]

When the IMF intervenes, nothing good comes from it. Regime change or total destruction of the country will be the outcome. The ANC is free to ignore these warnings at their own peril.

The IMF intervenes?

Do you have any examples of where the IMF has unilaterally stepped and intervened in a country?

 

[Dimpie (JIGSAW)]

Eskom needs more money​

Dont they always ... but we already read the book and the ending isn't that great

 

[Fulcrum29]

How would he know, he's just an engineer not an accountant..

Post of the day.

 

[WollieVerstege]

The IMF intervenes?

Do you have any examples of where the IMF has unilaterally stepped and intervened in a country?

Would also like to know. As far as I know the only power the IMF has, is to stop a country from borrowing more money from the IMF itself. The ramifications of such a decision though would be devastating.

 

[ToxicBunny]

Would also like to know. As far as I know the only power the IMF has, is to stop a country from borrowing more money from the IMF itself. The ramifications of such a decision though would be devastating.

Precisely...

They can either demand all sorts of "alterations" to how a country operates to get money, or they just don't lend.

 

[rvZA]

Precisely...

They can either demand all sorts of "alterations" to how a country operates to get money, or they just don't lend.

Would also like to know. As far as I know the only power the IMF has, is to stop a country from borrowing more money from the IMF itself. The ramifications of such a decision though would be devastating.

Seems you two clever oakes just figured out how the IMF works.

They lend money to the most corrupt countries in the world too, even countries that have collapsed in total. As long as there are opportunity for them to make money back from taxpayers.

The IMF do not care about corruption, bad laws, collapsing infrastructure, oppression and more. They just want their money back. How the government gets that money from taxpayers is their problem.

The IMF intervenes the moment their money is at risk. Their recommendations become deadly. Stopping loans means total devastation, because when the IMF do not loan, money has dried up globally for those countries.

 

[ToxicBunny]

Seems you two clever oakes just figured out how the IMF works.

They lend money to the most corrupt countries in the world too, even countries that have collapsed in total. As long as there are opportunity for them to make money back from taxpayers.

The IMF do not care about corruption, bad laws, collapsing infrastructure, oppression and more. They just want their money back. How the government gets that money from taxpayers is their problem.

The IMF intervenes the moment their money is at risk. Their recommendations become deadly. Stopping loans means total devastation, because when the IMF do not loan, money has dried up globally for those countries.

So no examples of where the IMF unilaterally intervenes then?

 

[WollieVerstege]

Seems you two clever oakes just figured out how the IMF works.

They lend money to the most corrupt countries in the world too, even countries that have collapsed in total. As long as there are opportunity for them to make money back from taxpayers.

The IMF do not care about corruption, bad laws, collapsing infrastructure, oppression and more. They just want their money back. How the government gets that money from taxpayers is their problem.

The IMF intervenes the moment their money is at risk. Their recommendations become deadly. Stopping loans means total devastation, because when the IMF do not loan, money has dried up globally for those countries.

So they do exactly what every other financial institution, East or West, does. Agree.

 

[lkpat]

They lend money to the most corrupt countries in the world too, even countries that have collapsed in total.
The IMF intervenes the moment their money is at risk.

 

[Nithan15]

Eskom needs to tell the government Eish we cant and let the IPP take over.

 

[ConfusedR]

Go ask Malema for the money.
The EFF was supposed to fix Eskom with their "shutdown" day.

 

[Solarion]

Elections damage control sure is expensive these days isn't it Gopacabana old chap. I suggest you throw in some more hard hat site visits whilst stating-the-blatant-obvious-like-its-breaking-news Kodak moments. That'll surely sell it. Off you go pumpkin.

 

[LetsDance]

Meanwhile the riot-o-meter is getting close to the red zone.

 

[wbot]

DegeneRuyter said this as well and the ANCorruption ignored him. Lets see if they also ignore their new pointless minister they gave this nice job to.