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Union key calls Eskom's biggest bondholder to sell its positions in Bloomberg
The union whose members contribute the most to the funds controlled by the South African state pension manager wants the institution to stop investing in the debt of Eskom Holdings SOC Ltd., which could increase the funding pressure on the public service heavily in debt. The 240,000-strong Public Servants' Association (USP) said that by buying Eskom's bonds, the Public Investment Corp. exposed pensioners to excessive risk, the state-owned electricity company not selling enough electricity to cover its costs and needing to be bailed out by the government. More information on Bloomberg.com: China targets FedEx in the "Warning" category …
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