Question NW923 to the Minister of Finance
09 May 2023 - NW923
George, Dr DT to ask the Minister of Finance
Whether the Public Investment Corporation will use funds from the Government Employment Pension Fund to invest in Eskom in the (a) 2023-24 financial year and (b) any time during the medium-term expenditure framework; if not, what is the position in this regard; if so, what are the relevant details?
Reply:
The Public Investment Corporation (PIC) invests according to the mandates of its clients in line with section 10(4) of the PIC Act as amended. Any potential investment in Eskom will be in line with client mandates or their approval and assessed on its merits taking into account the expected returns and associated terms and conditions, especially the security thereof.