Ramaphosa in favour of Cosatu’s Eskom plan
The trade union federation proposes using R250bn of pension money to pay down utility’s debt
05 February 2020 - 12:43
UPDATED 05 February 2020 - 23:17
A Cosatu proposal to use R250bn of pension money managed by the Public Investment Corporation (PIC) to pay down Eskom’s debt in return for a range of undertakings by the government was under urgent and serious discussion at a high-level meeting at Nedlac on Wednesday afternoon.
Conditions of the deal would include that no worker at Eskom would lose their job and that Eskom would not be privatised.
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