Constantatos | Futuregrowth

Olga Constantatos of Futuregrowth on David Masondo’s controversial debt-for-climate-swap proposal

On Tuesday, David Masondo, South Africa’s deputy finance minister, suggested that investors forgive about R146bn of sovereign debt in exchange for Eskom – the national power utility – meeting climate targets. This very controversial proposal, which Masondo termed a debt-for-climate-swap, would entail a portion of national debt, which he suggested could be R146bn, being forgiven…