DailyMaverick.co.za quotes Johannesburg lawyer Rosemary Hunter in an article on Eskom’s debt.
Fasken pension funds lawyer Rosemary Hunter says that using retirement savings to bail out Eskom is of course a concern, but what else can the government do?
“It has to keep the lights on to keep the economy going and to avoid a jobs bloodbath. If it goes pear-shaped it will cut the defence, health, education, etc budgets. So we will all hurt. But what is the alternative?”
Hunter says that as a general principle, everyone who has income has to support more people. But if the economy tanks and we are all deprived of income-earning opportunities, we all starve.
