2018-w468 - 03 May 2018

Anton De Waal Alberts to ask the Minister of Finance:†

Whether he has found that the R5 billion loan awarded to Eskom by the Government Employees Pension Fund and the Public Investment Corporation meets all legal requirements; if not, (a) why not and (b) what are the relevant details of its implications; if so, (i) what legal requirements were to be complied with and (ii) in what respect was it complied with?

Reply from the Minister of Finance:† on 3 May 2018

The National Treasury is confident that in considering this transaction, the leadership of the PIC adhered to all its internal processes that should be complied with. Furthermore, the National Treasury is also assured that the approval of this transaction was made in accordance with the established mandate from the GEPF. It should be noted that the National Treasury was not involved in the engagements ...

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