ANALYSIS | Is the social compact a last-ditch attempt to save Eskom?

Pension funds could play a role in ensuring Eskom's financial viability as the power utility's debt levels near half a trillion rand.

Social partners of the National Economic Development and Labour Council (Nedlac) on Tuesday signed a social compact in support of turning around the fortunes of the ailing power utility. The agreement has been coming along for about a year, and in his address to the 25^th annual Nedlac summit Deputy President David Mabuza – who also chairs the council – said the compact expressed "confidence" in Eskom and its importance in the SA economy.