A virtual meeting of the National Economic Development and Labour Council (Nedlac) chaired by President Cyril Ramaphosa on Tuesday agreed on a social compact to mobilise funding to address Eskom's financial crisis.

The social partners, who include organised labour, the government, business and community stakeholders, want the power utility funded “in return for an efficient, productive and fit-for-purpose Eskom that generates electricity at affordable prices for communities and industries”.

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 exclusive Financial Times articles, 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