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How can investors ‘forgive’ government?

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Masondo suggested in a speech that investors should do this in exchange for Eskom switching to renewable power generation instead of coal. Photo: Ziyaad Douglas, Gallo Images
Masondo suggested in a speech that investors should do this in exchange for Eskom switching to renewable power generation instead of coal. Photo: Ziyaad Douglas, Gallo Images

BUSINESS

A proposal by Deputy Finance Minister David Masondo that investors should absolve R146 billion of government’s debt is so unrealistic that markets did not even take any notice of the suggestion, says Mike Schüssler, an economist at economists.co.za.

According to Bloomberg, Masondo suggested in a speech that investors should do this in exchange for Eskom switching to renewable power generation instead of coal.

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