CAPE TOWN – Trade union group Cosatu’s proposal that the state-owned asset manager, the Public Investment Corporation and local development finance institutions help to lower Eskom debt by around R250bn, was met with mixed reactions on Wednesday.
President Cyril Ramaphosa was “favourably disposed” to the notion, as was Public Enterprises Minister Pravin Gordhan. The Democratic Alliance rejected the idea, an environmental and economic sustainability agency, the Alternative Information and Development Centre endorsed the idea, while auditing firm Mazars noted that there was no right or wrong answer, but an investment of workers pensions would have to be accompanied by operational improvements and greater fiscal discipline at Eskom.
Ramaphosa said any steps that were taken on Eskom’s debt “should not undermine the investment mandates of the PIC or other affected institutions,” his spokesperson, Khusela Diko said yesterday. The DA said the Cosatu proposal would result in billions of rands in state employee pension funds being redirected to bail out a “collapsing and defunct Eskom.”
The public servants should speak out about this. This is using their pension money to bail out an organisation that offers zero return. This is bordering on theft of your future! When your pension is a pittance and you cant afford to retire, don't say we didnt earn you!
Hope they know it's all there people's pensions also
These guys are the rogue unit.
Its that time boys these two guys are a tag team, they want this country under as soon as people during their term. Its about bringing this country to its knees. They've been trying to find a reason to get to that money. U can't save the ANC it was never there from get go.
Nogal reduce ! Jirrrrre.
Sounds good
Yeah, grab all the money you can. The “businessman” Judas Goat.
Guys if boloyi is real nkadimeng legadima for one day please
Who on earth gave muffin a proxy to decide on how to spend our pension contributions.😡
That's a bad idea
Poor public servants, they are now royaly screwed, and the MYANC will another 250billion to loot to there hearts desire, owe and its not just the frogs feeling the heat, the entire nation is fucked
No. That could be our pension. Who gave you the right?
Of course they do. They was together in what place? Yeah, that one.....mxm
why dont CyrilRamaphosa and the MYANC just pay Eskom_SA what they alone owe them.
Ordinary electorates have no idea what their “representatives” are doing.
This is highly unethical. These people need to be stopped 😡🤬😡
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.