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The only way to have sustained growth is by building human capability, and the reality is the economy. You know, economists, I guess, confuse people, and we're all trained to think about business, but it's not actually a bunch of businesses; it's actually a bunch of people doing a whole lot of things. It’s actually a human system, and that's how we need to treat it to move on.

The fastest route back to economic activity, charted in a way that enables physical distancing, will always be the best one. It is always better to generate revenue, in companies and through tax, than it is to save companies or borrow for the shortfall.

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Eskom will have to convince creditors that there is commitment to good governance and a pathway to sustainability. Eskom’s new board is the most important first milestone. Next steps will be to urgently appoint a permanent CEO and round out the Exco in a way that demonstrates a new beginning. Eskom’s communication needs to be open, humble and give stakeholders a true reflection of the state of affairs whether good or bad.

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