SA could see the end of loadshedding by August next year, by when Eskom hopes to have eliminated the backlog in its maintenance programme, CEO André de Ruyter told business leaders in a webcast organised by BLSA on 26 June 2020.
SA runs the real risk of a sovereign debt crisis in about three years, which will feed into all our major corporations and our banking sector that managed to successfully navigate the global financial sector crash of 2008.
To invest in an airline right now is a risky gamble for any investor, especially in a national airline such as SAA that hasn’t produced a profit for a decade and has been surviving on bailouts of over R30bn in that time.
SA will see a return of badly needed fixed investment only if the state creates an environment that is conducive for businesses to thrive and to grow inclusively. Dabbling in prescribed assets or fiddling with the independence of the Reserve Bank will not rebuild confidence.