PIC would invest only in ‘credible’ business case for Eskom

Electricity pylons at an Eskom coal-burning power station near Sasolburg. Picture: REUTERS/SIPHIWE SIBEKO

SA's broke power utility is R450bn in debt and is seen by ratings agencies as the biggest risk to SA's finances. Cosatu has suggested that about 7% of the R2.2-trillion managed by the PIC, together with contributions from the Industrial Development Corporation and Development Bank of Southern Africa, be invested in a special-purpose vehicle that would take over R250bn of Eskom’s debt.

Like you did for Ayo Technology?

PIC should invest in THE HY-DROME. WE CAN GEN 10 000MW for S.A and save BILLIONS per day on coal. Good_Investment

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Ramaphosa, Gordhan like Cosatu's idea of using PIC's R250bn to reduce Eskom's debt | IOL Business ReportRamaphosa said steps that were taken on Eskom’s debt should not undermine the investment mandates of the PIC, as proposal is met with mixed feelings. This two must just forget. Ramaphosa must use his own money to save Eskom, he have enough money to save us from the dark hao. This is highly unethical. These people need to be stopped 😡🤬😡 Ordinary electorates have no idea what their “representatives” are doing.
Fonte: IOL - 🏆 46. / 51 Leggi di più »

SAA Express ordered to undergo business rescueSA Express has previously argued that there is no case for business rescue. ermbates Can MYANC PresidencyZA also be ordered to undergo business rescue?
Fonte: eNCA - 🏆 49. / 51 Leggi di più »