EXCLUSIVE: Eskom switches to DC

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SOUTH AFRICA - The R19bn ($2bn) Eskom Pension and Provident Fund is to switch from a final salary to a defined contribution (DC) scheme by the end of next year.

Pension fund trustees at the electricity company will meet on November 15, 2001 to begin a review of the investment strategy and discuss a possible alteration of the existing asset structures. P...

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