'Eskom is compromising public servants' pensions'

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).

Read: PSA says national health department is mum over poor condition of building

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:


Recommended

by NEWSROOM AI
Read More
Rescue teams continue search for Parktown Boys pupil who went missing at camp

Rescue teams continue search for Parktown Boys pupil who went missing at camp

Gauteng Education MEC Panyaza Lesufi gives information on might have happened to Enock Mpianzi.

[WATCH] Man taking parrots out for a walk has social media talking

[WATCH] Man taking parrots out for a walk has social media talking

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Only a 'special kind of person' would want to lead SAA and Eskom

Only a 'special kind of person' would want to lead SAA and Eskom

Andrew Woodburn (MD, Amrop Woodburn Mann) discusses the loss of Eskom and SAA’s CEOs and the recruitment of new Chief Executives.

'The Eskom ship is sailing through difficult and choppy waters'

'The Eskom ship is sailing through difficult and choppy waters'

Energy analyst Chris Yelland weighs in on Eskom CEO Phakamani Hadebe's resignation.

PIC inquiry grated 4-month extension as more evidence emerges

PIC inquiry grated 4-month extension as more evidence emerges

Financial journalist at Business Day, Warren Thompson says an extension was required after further evidence emerged.

Unions withdraw customs officials from borders in Sars strike

Unions withdraw customs officials from borders in Sars strike

Deputy general manager at PSA Tahir Maepa says Sars rejected the CCMA brokered wage agreement and forced the unions to strike.

Popular articles
[VIDEO] Family saved from being hit by speeding SUV goes viral

[VIDEO] Family saved from being hit by speeding SUV goes viral

Khabazela shares tweets and Facebook posts that have gone viral.