The Public Investment Corporation (PIC) must stop investing in the debt of Eskom as this exposes pensioners to excessive risk, says the Public Servants Association (PSA).
To discuss the PSA's stance, Bongani Bingwa chats to deputy general manager Tahir Maepa.
This is a disaster that needs to be avoided at all costs, this pig (Eskom) has been fed for far too long. It wants more and it will never come right. Eskom is a business and it should be treated like a business.— Tahir Maepa, Deputy general manager - PSA
He says Eskom should be put under business rescue and must go into a private partnership.
Eskom is compromising the pensions of public servants, which is private money and doesn't belong to the government. If the government wants to keep Eskom it must do it with its own money. This is not an investment. How can you hold so much debt and say you are investing? Investing in what? It is feeding a pig that will continue to walloping more, and it needs to stop.— Tahir Maepa, Deputy general manager - PSA
Listen below to the full interview:
This article first appeared on 702 : 'Eskom is compromising public servants' pensions'