Stakeholders draw up deal to mobilise savings for Eskom bailout

The government, business and labour have reached an in-principle agreement to commit to the voluntary mobilisation of savings, such as pension money, to assist Eskom and to contribute, in a structured manner, to investment in other government infrastructure.

A framework document was drafted on Thursday by a joint working group for endorsement by the social partners. It is intended that the agreement will be included in President Cyril Ramaphosa’s state of the nation address next week.