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The first thing that comes to mind when looking at Cosatu’s plan to save Eskom using state pensioners’ money is that if it’s such a clean and simple idea, why had nobody thought of it before? The problem is that people have thought and debated it before, and rightly decided it wouldn’t be wise.

Since Cosatu’s parliamentary co-ordinator, Matthew Parks, seems to accept that the R250bn the union federation proposes be thrown into Eskom will never be repaid, we don’t have to dwell on the wisdom of linking workers’ future income with the performance of a failing company...

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