The Public Investment Corporation (PIC) says it has developed a framework to support key state-owned entities, with the asset manager having increased its exposure to Eskom’s bonds to more than R80bn, happy with the utility’s turnaround and the early signs of improvement at Transnet.

Deputy minister of finance and PIC chair David Masondo said the PIC was a significant investor in major state-owned companies through various instruments, primarily bonds...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.