PIC exposure to Eskom bonds now at R83bn
The Public Investment Corporation says it is happy with Eskom’s turnaround and signs of Transnet’s improvement
03 October 2024 - 05:00
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...
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