Opposition grows over PIC's decision to loan Eskom R5bn

File: The Public Investment Corporation has agreed to bail out the troubled Eskom with a R5-billion bridging facility for February. Photo: eNCA / Scott Smith

JOHANNESBURG - Opposition is growing over the Public Investment Corporation's decision to loan Eskom R5-billion.

The South African Federation of Trade Unions is the latest to condemn the move.

It says Eskom is an extremely unsecure investment, which isn't likely to have good returns for investors.

READ: Eskom subpoenaed in State Capture probe amid evidence shredding allegations

The Public Servants Association and the Democratic Alliance denounced the decision on Monday.

Eskom says the loan will help keep it afloat this month.


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