PIC would invest only in ‘credible’ business case for Eskom
Cosatu says about 7% of the R2.2-trillion managed by the PIC should be invested in a special-purpose vehicle that would take over R250bn of Eskom’s debt
06 February 2020 - 17:10
The Public Investment Corporation (PIC) says it has not yet been privy to any detailed document proposing the recovery, restructuring or refinancing of Eskom's existing debt, but says it would only invest in a credible business case that has returns for its clients.
SA's broke power utility is R450bn in debt and is seen by ratings agencies as the biggest risk to SA's finances...
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