Public sector unions the National Education, Health and Allied Workers Union (Nehawu) and the Public Service Association (PSA) are at loggerheads with their mother bodies over the Public Investment Corporation’s (PIC’s) decision to advance R5bn to Eskom. While federations Cosatu and the Federation of Unions of SA supported the move, the two affiliates were opposed to it, fearing it would set the tone for other state-owned companies experiencing cash flow problems as a result of mismanagement and corruption. The PIC and Government Employees Pension Fund (GEPF) announced on Monday that they would advance the much-needed funds to Eskom, which still needs to raise R20bn in February for operational costs until the end of the financial year in March. Public sector unions and their federations had at the end of 2017 started talks on how to form a united front to protect workers’ pensions that are managed by the GEPF and invested in by the PIC. They also complained about not being consulted...
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