FMF NEWSLETTER 12 December 2018

12 December 2018
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FMF NEWSLETTER 12 December 2018    
FEATURE article  

Government hubris leaves South Africans in the dark – CHRIS HATTINGH

Industry grinds to a halt. Traffic stands gridlocked. Lights in dangerous areas go out. People sit in the dark. Whereas Christmas should usher in a time of jovial spirit, this December once again brings in load-shedding for South Africans. As the supply of electricity from Eskom becomes intermittent at best, along with the looming implementation of expropriation without compensation, the economy is set to be beaten down even more. This is a result of socialism, of a government that believes it must rule every aspect of our lives, and that only it can provide us with electricity.

The trials and tribulations of Eskom are well documented. Despite the repeated failures, the state-enforced monopoly of Eskom has not been broken up. Eskom can fail time after time and it will simply be helped out by the government. The problem is, whenever a failing SOE such as Eskom or SAA goes cap-in-hand to the government, it is not the government that has to give the money. Taxpayers fund everything government does, therefore we, the taxpayers, are being forced to rescue an entity that no longer deserves any aid. When an SOE fails, the buck is always passed on to the taxpayer.

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