Cosatu’s proposal for PIC-funded R250bn bailout and Eskom’s municipal debt take centre stage

It’s Day Two of Nedlac discussions on Cosatu’s proposals to use government workers’ pension and social savings to slash Eskom’s R450-billion debt. That it got here means the pitch first tabled on Monday is being taken seriously. And this highlights the depth of the Eskom crisis — a new twist that unravelled before Parliament’s spending watchdog, Scopa.