The Dysfunctional Company That's Wrecking South Africa's Economy.

ESKOM Holdings SOC Ltd.; GOLDMAN Sachs Asset Management (Company); EQUITY stake; RISK premiums; PUBLIC debts; GOVERNMENT policy

In 2017, when he was leading Goldman Sachs Group Inc.'s business in sub-Saharan Africa, Colin Coleman described the struggles of state power company Eskom Holdings SOC Ltd. as the biggest threat to the South African economy. The Public Investment Corp., which manages pensions for South African government workers, proposed converting its Eskom bonds, worth about 90 billion rand, into an equity stake in the company. The government appointed a commission to reorganize Eskom's management. [Extracted from the article]

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