The Government Employees Pension Fund may be a viable option for making Eskom work again
A proposal from union federation Cosatu to use R250bn of pension money managed by the Public Investment Corporation to pay down Eskom’s debt in return for a range of undertakings by the government was under urgent discussion at the National Economic Development and Labour Council on Wednesday.
Part of the deal would include that no worker at Eskom would lose their job and that the state-owned power utility would not be privatised.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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Why Cosatu might just be right about Eskom and the PICUsing the Government Employees Pension Fund to address Eskom’s woes has been dismissed by many experts, perhaps too quickly, writes Dominic Brown
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Why Cosatu might just be right about Eskom and the PICUsing the Government Employees Pension Fund to address Eskom’s woes has been dismissed by many experts, perhaps too quickly, writes Dominic Brown
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Cyril Ramaphosa 'favours' Cosatu proposal to lower Eskom debtPresident Cyril Ramaphosa is “favourably disposed” to a proposal by the country’s largest trade union federation to lower the debt of struggling state power utility Eskom, his spokeswoman said on Wednesday. Union federation Cosatu proposed at a meeting with Ramaphosa and business leaders on Monday that the Public Investment Corporation (PIC) and local development finance groups could help lower Eskom’s debt by about R250 billion.
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South Africa: South Africa’s Ramaphosa amenable to Eskom debt proposalJOHANNESBURG, Feb 5 (Reuters) - South African President Cyril Ramaphosa is 'favourably disposed' to a proposal by the country's largest trade union federation to lower the debt of struggling state power utility Eskom, his spokeswoman said on Wednesday.
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Sorry SA, Eskom won’t suspend load shedding for trafficThe power utility said rolling blackouts would continue until 6 am on Wednesday.
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De Lille: Govt depts & municipalities to pay Eskom directly
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