According eNCA Cosatu’s plan is being endorsed by the Alternative Information and Development Centre.
Dominic Brown, Economic Justice Programme Manager, said on eNCA that the trade union’s proposal is credible and does not put the cost of solving the crisis on the poor people of South Africa.
“The way government employs [the] pension fund is guaranteed or a defined benefit, it means those pensions will be guaranteed regardless of the performance of the PIC,” he said.
Brown stated an investment from the PIC would not be a “free meal” but would be an investment based on conditions imposed upon the power utility.
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