South Africa: We Don't Need a World Bank Loan - We Need a Medupi Write-Off

opinion

There are growing global calls for a debt write-off for developing countries because of Covid-19. Eskom received a $3.75-billion loan from the World Bank in 2010, intended mostly for the construction of Medupi. Writing off this debt would be a good start.

For many South Africans, one of the only good news stories around the Covid-19 lockdown is that load shedding is (apparently) on hold. But the reasons for that, combined with the likely state of the post-lockdown economy, is very bad news.

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