Quote of the week
The recommendation for criminal charges is particularly applicable to Mr Anoj Singh and Mr Koko, who by false pretences led Eskom, through the officials who processed the R659 million payment, to believe that the R659 million payment was in the nature of pre-payment for coal, as was the R1.68 billion pre-payment, later converted into a guarantee, when in truth and fact they knew that the prepayment and the guarantee were needed to enable the Guptas to complete and save the sale of share transaction.
Volume 4, Part IV
Quotas and targets for redress are necessary. But, because they are so politically useful, securing as they do the compliance and loyalty of elites and the middle class to the ANC, it is easy to be blinded to the negative consequences for the poor. A clear case of a good quota that will have positive long term outcomes is UCTs admission criteria, which is succeeding in producing more black and women graduates who will service society well in the coming decades. But the negative consequences of misapplied quotas and targets are also with us. – Jack Lewis at GroundUp
