SA Inc is going to need to undertake a rights issue, sooner rather than later. Sure, we can print money, but that’ll only provide temporary pain relief. It’s not a cure and never will be. We simply cannot borrow any more, particularly if we intend servicing, let alone repaying, the money.
Our sovereign borrowing needs keep going up, our revenue prospects down, and our costs up — this is not a bankable future and we need to stop, think and do. .A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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