The share markets are getting
treated as if they are a Christmas turkey. Slaughtered. Let’s hope it doesn’t extend
to the Easter Bunny.
So, Eskom are going to get two
overseas consulting companies to come to Megawatt Park and “stress test and
validate our own hypotheses”. This will be part of a program to advise on the
balance sheet and the organisational design. Just what this means (if anything)
it will doubtless be another total waste of time and money. Eskom should have
on its own staff (as it used to) people capable spelling out that the enterprise’s
current balance sheet shows the outfit to be insolvent and that it owes far too
much money. Its financial stress is already off the scale and the
organisational design is at least twice as big as it should be. There, fixed it
for them! Cancel the consultants and all I ask in return is an uninterrupted and
cheaper power supply please.
President Cyril did a nasty and
foolish thing this week. He singled out a group of citizens based on their skin
colour and then heaped scorn on them by accusing them of being “lackadaisical”.
While this may not have been the exact word he wanted (although he hasn’t yet
withdrawn it) it was uncalled for, untrue in general and insulting to the very
many white folks who want to see this nation succeed and work hard to help it
achieve its goals. Mr Presiden,t being rude to a group of people who provide so
much employment for your voters and pay so much of the public sector salaries
is a very bad idea. Even if secretly you do despise us!
I wish my readers, and I gained many
new ones this year, a very Merry Christmas and a happy, safe and healthy New Year.
James
Greener
Friday 21st
December 2018.
