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allafrica - 1 month ago

South Africa: PIC Bailout of Eskom Not Yet in the Offing

[Daily Maverick] PIC board chair Reuel Khoza told eNCA that the state-owned asset manager had submitted a proposal to the GEPF to convert Eskom bonds held by the GEPF in exchange for equity in the power utility. But Khoza later clarified his comments, saying the Eskom proposal is purely at a conceptual stage .

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