South Africa. Pensions Used For R5-Billion Eskom Loan

The Public Investment Corporation (PIC) has granted Eskom a temporary lifeline by issuing a hefty R5-billion loan to fund the parastatal’s operations during February.

Fin24 reported on Monday that the PIC, on behalf of the Government Employees Pension Fund (GEPF), advanced the R5-billion bridging facility to Eskom for one month.

Read more Huffpost