South Africa's power utility Eskom would have defaulted without PIC loan
By Respect Gwenzi, Feb 14, 2018
South Africa's Public Investment Corporation (PIC), Africa’s biggest investment fund, said on Tuesday that without a 5 billion rand ($420 million) loan it advanced to cash-strapped utility Eskom, the utility would have defaulted on its existing debts with lenders.
The PIC, which holds a large chunk of government bonds and stakes in leading South African companies, said last week it had given the country's sole power supplier the loan to fund the utility's operations in February.
-Reuters
Top Stories
Tharisa Paints Bullish Picture for 2026: Robust PGM Growth, Strong Balance Sheet, and Karo Momentum
Tharisa plc, a dual-commodity mining company listed on the London Stock Exchange and Johannesburg Stock Exchange, with operations spanning South Africa (Tharisa Mine in the Bushveld Complex) and Zimba
Jan 16, 2026
