Solidarity vows to fight Cosatu’s Eskom pensions rescue plan
Calling it ‘pension capture’, the union is prepared to do legal battle to stop workers' pension funds being used to bail out SOEs
12 February 2020 - 14:15
Trade union Solidarity has threatened litigation should the government implement a controversial proposal to use pension fund money to bail out cash-strapped power utility Eskom.
Union federation Cosatu recently proposed using 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, including that no worker at the utility lose their job and that Eskom not be privatised...
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