Cosatu’s proposal to take about R250bn of mostly pension money to house over half of Eskom’s debt has been met with howls of protest from the country’s savers, even as it has found favour in the presidency. We asked Cosatu parliamentary officer Matthew Parks whether the union federation had actually pitched the idea to the organisations that steward public pensions: the Government Employees Pension Fund (GEPF) and the Public Investment Corp (PIC).

MP: Look, that’ll come. Our first thing is that we need to have an intervention in Eskom, as a nation.

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