Government, business and labour reach deal to commit to voluntary mobilisation of public and private savings, also for infrastructure projectsThe government, business and labour have reached an in-principle agreement to commit to the voluntary mobilisation of savings, such as pension money, to assist Eskom and to contribute, in a structured manner, to investment in other government infrastructure.
A framework document was drafted on Thursday by a joint working group for endorsement by the social partners. It is intended that the agreement will be included in President Cyril Ramaphosa’s state of the nation address next week.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.