Good analysis of a trap in which the SA government steps time after time. We are drowning in debt, a lot of it foreign debt, yet we have little to show for it. Services and infrastructure have crumbled on account of the reasons mentioned in the article; i.e. too big wishfull thinking, added to pathetic governmentally driven execution, wastages inefficiencies and a lot of corruption too...
Maintenance cost is my takeaway point from this article.
More often than not, government keeps on expanding the debt burden by taking on more debt to maintain projects that are not profitable.
Sadly, government projects are unprofitable by nature. Makes you wonder why they keep embarking on them
Good analysis of a trap in which the SA government steps time after time. We are drowning in debt, a lot of it foreign debt, yet we have little to show for it. Services and infrastructure have crumbled on account of the reasons mentioned in the article; i.e. too big wishfull thinking, added to pathetic governmentally driven execution, wastages inefficiencies and a lot of corruption too...
Thank you Piet.