PIC concerned about suggestions that it will bail out Eskom
The Public Investment Corporation voices concern about reports of its involvement in a proposed bailout of Eskom, as it hasn’t been consulted
13 February 2020 - 11:24
The Public Investment Corporation (PIC) said on Thursday that it is concerned about not being consulted regarding a proposed R250bn bailout for ailing state electricity utility Eskom.
The PIC said it is willing to engage about a solution for ensuring that Eskom does not pose a systemic risk to SA’s economy, but that it is also obligated to prudently manage the money of its clients...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.