The African National Congress (ANC) thinks Eskom should sell some equity to pension funds to improve its cash flow, said Enoch Godongwana, who heads the ANC’s Economic Transformation Committee.
“In order to address Eskom’s cash-flow situation, we need to mobilise funding from the Public Investment Corporation (PIC) and the retirement in return for equity,” Godongwana said by phone on Friday. The proposal is not yet public policy.
via www.fin24.com
Don't do it!!!!!!!!!!!!!! It's not worth any points.
Priceless I say
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