Saturday, April 8, 2017

Back to the public-vs-private debt debate


Back to the public-vs-private debt debate for beleaguered SA parastatals: 

"This scenario would mirror the events of 1985 when then President PW Botha delivered his crazed Rubicon Speech which caused a $13 billion default. The foreign debt/GDP ratio hit 40%. Today it is nearly 50%. Botha was compelled to impose exchange controls."

[http://www.wits.ac.za/news/latest-news/in-their-own-words/2017/2017-04/downgrade-is-a-wake-up-call-for-sa-to-revisit-key-economic-policies.html]


Then there are perspectives from bigger markets:

https://www.youtube.com/watch?v=Dm2pnZ76i-Y


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