Social partners ink compact on reducing Eskom’s debt and facilitating ‘just transition’ …

Organised business, labour, community and government have officially signed a social compact in support of debt-laden Eskom that also endorses the need for a “just transition” for coal workers and communities as the electricity system begins to transition to higher levels of renewable energy and self-generation. The compact, which at its core endorses the need to reduce Eskom’s unsustainable debt burden, was signed at the twenty-fifth annual summit of the National Economic Development and Labour Council (Nedlac).