BREAKING NEWS: Eskom secures R15bn loan facility

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The struggling power utility has a debt burden of R419bn

Source: Loan Digest (loandigest.net)

 

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Derek_Hanekom ANC government loan is only what they know , they will then steel it and borrow again.

Unathi_Kwaza This is a real incentive for Eskom NOT to sort itself out. Lenders are NO DOUBT certain of a government guarantee.

What a disgrace!!!! pravingordhan a loan to pay off a loan? Surely that’s poor economic policy Trim the staff by 60% make ESKOM more efficient. Work towards reducing price of electricity for SAN’s. COME ON GUYS WAKE UP!!!!

Unathi_Kwaza Did any exec's have salary pruned.

Unathi_Kwaza Ag nee teen watse rente?

So simply more debt ? More debt to be serviced and never to be repaid ?

So Eskom is taking more debt to survive? Hmm.....I don't think this loan will solve the challenges facing this company in a longer-term though........

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