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PSA urges PIC to sell its Eskom debt

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The Public Servants Association says that it wants the Public Investment Corporation to stop investing in the debt of Eskom as it exposes pensioners to excessive risk as the state-owned power company is not selling enough electricity to cover its costs and has had to be bailed out by the government.

The union has also urged the PIC to avoid investing in other struggling state-owned companies such as SAA.

Business Day TV spoke to the Public Servants Association's deputy general manager for members’ affairs Tahir Maepa for more detail.
3 Jun 2019 2AM English South Africa Business · Business News

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