Meanwhile, the Federation of Unions of South Africa has proposed that Eskom be placed under business rescue as opposed to using public servants pension funds to bail out the ailing power utility.
Fedusa says it rejects the proposal brought forward by Congress of South African Trade Unions which suggests that the Public Investment Corporation should step in to take on R250 billion of Eskom’s debt.The federation’s acting General Secretary Riefdah Ajam says putting Eskom under business rescue will ensure that outside and undue political interference in its operations and governance is prevented.
“We cannot be using workers money to rescue Eskom nor any other state-owned entity. There have to be conditionalities attached to it and what we are saying as Fedusa, in particular, is that when it comes to the PIC and the Government Employees Pension Fund , we have already extended via the GEPF to the tune of R85 billion, so this cannot be the only possible source of income to secure any state-owned entities.
Today thats the day we need loadshedding because we've been hearing same thing all the time on theSONA. Nothing really changes!
I sad this loooonggg time.... There will be no load shedding during STATE OF LOOTING ADDRESS (SOLA). Coals are dry and no longer wet, then all the work is sorted!