Your pension funds are needed to finance Eskom — but there is no reason to run scared

Investment experts have cautiously welcomed a proposal by the head of the ANC economic transformation committee‚ Enoch Godongwana‚ that the Public Investment Corporation — which administers government pensions and is the country’s largest pension fund manager — and private funds buy into the cash-starved power utility.

But they warn that the deals would need to be structured to ensure the absolute protection of investors.