TheCitizen 📝Editorial: Our rulers told us some Eskom wasteful spending info was to be excluded so international rating agencies & lenders won't think badly of us🤦♀️. But, the announcement went public – perhaps hoping foreigners ignore the news?📰🙄
Minister of finance Enoch Godongwana arrives for the State of the Nation Address at the Cape Town City Hall, 10 February 2022. Picture: Jacques Nelles
Trying to look for the thread of logic in some of our government’s decisions is a bit like trying to unravel a badly tangled ball of twine … the more you think you’re getting somewhere, the more you become twisted and ensnared. It was difficult for us, we said, in trying to follow the ANC’s motivation for allowing Eskom an exemption from declaring irregular, fruitless and wasteful expenditure in its annual financial statements. That is, apart from the clear possibility that this was to cover up looting.However, our rulers told us the information was to be excluded so the international ratings agencies and lenders would not think badly of us.
So, now, what to make of the sudden about-face on that exemption – only “for now” as Finance Minister Enoch Godongwana says – and for the extraordinary cancellation of the national state of disaster of electricity supply, less than two months after it was implemented? Perhaps someone in Luthuli House realised that, taken together, both these legal instruments paint a picture of South Africa as a corrupt country on the verge of collapse … not what you want the outside world to see.
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