LETTER: SABC bailout adds to odious debt

businesslive.co.za

- businesslive.co.za | 6 months ago

with which the Treasury has clearly been complicit because of “turning a blind eye”.

  Just as the arms deal acquisitions were bought for the bribes rather than any rational defence requirements, so bribes to the ANC and its cadres by way of Hitachi and Chancellor House were a motivation for the chaos evident at Eskom. The ANC is alleged to have benefited by R1bn in the Hitachi/Chancellor House fiasco.

The long-standing doctrine of “odious debt” acknowledges that state debt incurred against the interests of the population is illegitimate and should be repudiated.

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