PIC proposes converting Eskom bonds into equity
Reuel Khoza gave R90bn as a ballpark figure for the Public Investment Corporation’s holdings of Eskom bonds
28 May 2020 - 14:15
State asset manager the Public Investment Corporation (PIC) has submitted a proposal to the government on converting bonds it holds in struggling Eskom into equity, PIC chair Reuel Khoza has said.
Khoza said the PIC had discussed the proposal with its main client, the Government Employees Pension Fund, and that the two were “in principle in agreement”...
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