More SOE bailouts inevitable

[Shaun Jacobs]

More SOE bailouts inevitable

Despite a tougher stance on bailouts, South African taxpayers are likely to continue supporting struggling state-owned companies in the future.

 

[RonSwanson]

Lekker public funds!

 

[rvZA]

There are no public funds left. Not a single SOE received any cash bailouts for some time now. Government is broke. The fiscus has collapsed. Tax income has no reached lows not seen in many decades. The new trend is handing out a government guarantee and the SOE is then left up to their own to find lenders or investors. Thank god no one locally or abroad are interested in lending them the money or investing in them based on the guarantees. A few SOEs already complained about this and does not want government guarantees.

Unless they use Grant money for bail outs, It is game over. The South African government has officially ran out of other people's money.

 

[Hemi300c]

Don't worry China will "assist"

 

[chrisc]

VAT 20% here we come

 

[gogga_]

This bloody ANC government is useless and clueless with everything except stealing.