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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now