Eskom gets R1.5bn French loan to help strengthen power grid

  • 📰 News24
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 80%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Eskom gets R1.5bn French loan to help strengthen power grid | Fin24

Source: Loan Digest (loandigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fin24 What's the collateral, white owned land?

Fin24 Good timing! They need their multi million Rand Christmas bonuses....

Fin24 France and China will eventually have a fist fight over ownership of SA.

Fin24 Bwahaha please?

Fin24 Nuclear deal loading.

Fin24 Are we selling electricity to our neighbors at a profit? If not why are we loaning money to make sure we can supply them? In fact why are we still supplying them?

Fin24 ......no no.....it's to strenghten their wallets.

Fin24 Will they be able to service these loans. If not what will happen to the institution

Fin24 R 1.5 bn is certainly enough to buy Eskom... take the State out of it and give it to the French

Fin24 🤔🤔🤔

Fin24 Another loan and at what interest?

Fin24 How are they expected to pay the loan plus interest back?

Fin24 Mxm we are being sold to western 😢

Fin24 You are going back there again

Fin24 We are in trouble people. Eskom selling us out

Fin24 This is for IPP

Fin24 Need help from the colonialists

Fin24 So a tad more debt ... just saying ... for a friend ...

Fin24 Hello and who the f$$$ is going to pay back the loan

Fin24 🤦🏻‍♂️

Fin24 Did they tell the Yellow vests they giving away money 😂😂😂

Fin24 Guess we will be the suckers that repays the loan

Nkanyiso_ngqulu Fin24 Terms and conditions please... Eskom needs to be transparent..KhuluPhasiwe assist baba. Whats in it for the French

Fin24 Stupid French!!

Fin24 Bottomless money Pitt. ..🙄

Fin24 Banna

Nkanyiso_ngqulu Fin24 Eskom is being privatised,,watch our mzansi

Fin24 And with what will they pay it back?

But loans have to be repaid

Fin24 Mafikeng is sitting without power this afternoon⬛️⬛️⬛️⬛️, so NW province needs some of this grid strengthening.

Fin24 Normally the people who have to pay the loan back “ get the loan “ I somehow don’t feel like I got anything!!

Fin24 the Saxonwold gangsters must not be allowed near this lump some money including VBS BANK robbers also must be far from it

Fin24 South Africans where do you suggest Eskom get funds cause clearly the government can't afford to bail them out.

Fin24 Eskom is making so much wtop lying

Fin24 Debt, debt and more debt 😳

Fin24 You must mean to keep paying salaries to 1000's that do nothing. ANC buying votes with expensive taxpayer backed loans.

Fin24 How the hell are WE going to pay this back? Higher electricity prices Fuel hikes Tax increase... Fucksake...

Fin24 Iyodliwa nayo lemali, yo asazi..

Fin24 They are still taking more loans, on top of th R300 billions they owe. What are th terms nd conditions of th french loan?

Fin24 And now... State capture by the French 🤯

Fin24 Best make sure it's not a Gupta account based in France. EU banks are not sacred. They white wash too 🙄

Fin24 At some point this has to all be paid back. We can’t strike and burn shit when time is up with international countries like we do here.

to help give its overpaid bosses more bonuses I guess!

Fin24 OR pay massive bonus's !!

Fin24 I dont know how these incompetent fucktards can be left to negotiate or sign anything anymore!!!

Fin24 How is Eskom going to pay back this money?

Fin24 So let's do the math quick 5mil for power grid and the rest for bonuses I presume Eskom

Fin24 Peanuts when your debt is well over 100 Billion

Fin24 Hope the money is not misapprehended (Guptas anyone)

Fin24 Eskom and loans

Fin24 In the meantime millions of tonnes of coal are being exported to China . Loans don’t come for free people

Fin24 What happened to Chinese billions?

Fin24 It's always good to here that these loans will facilitate production but the question is: How will they pay back the loans how long will it take them to do so? No increases in electricity prices i believe.

Fin24 Nothing is for mahala, what's the catch on this deal?

Fin24 And the yellow vest knows about the loan 😂

Fin24 Singonomatyala nje, bazayibhatal ngathi nalomali bayityalay

Fin24 For how long are they going to bail out eskom? 👤

Fin24 I'd trust nuclear power deals with France way more than Russia(Chernobyl) or China (The animal cruelty) and baby genocide. (Baby girl's drowned at birth with the 1 child policy).

Fin24 Like we not in any more debt, and I just wonder what is France getting out of this.

Fin24 bebefuna lonti kakade

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

YouTube
Source: SABC News Online - 🏆 32. / 51 Read more »

R1.5bn loan will not be for new power stations, says cash-strapped Eskom | IOL NewsEskom says a R1.5 billion loan agreement signed with the French Development Agency will not have a significant impact on improving its power struggles. Of course not. It barely covers a few days interest on 460bn debt mpdjhb not to mention the year end bonus payouts and payouts in lieu of cancelled leave...
Source: IOL - 🏆 46. / 51 Read more »

Music market heist: how SA’s black musicians are ‘scammed’Popular read this year | Music market heist: how SA’s black musicians are ‘scammed’ So little? Dig deeper FraudWatchZA This needs serious investigation. Our musicians had been struggling and we often get left with a burden to bury them in extreme poverty and sickness, all because of things like this? We need to get to the bottom of the issue. Daylight robbery this 🙆🏾‍♂️🙆🏾‍♂️🙆🏾‍♂️
Source: BDliveSA - 🏆 12. / 63 Read more »

Fuel prices to drop by more than R1 on 2 JanuaryPetrol will decrease by R1.23 per litre while diesel will decrease by R1.53.
Source: ewnupdates - 🏆 30. / 53 Read more »

Eskom secures R 1.5bn loan agreement from France’s AFDSage_Of_Absurd H F Verwoed and the 'whites only argument'
Source: ewnupdates - 🏆 30. / 53 Read more »

SA needs to bail out Eskom, says former Eskom adviser RothschildEskom’s debt has ballooned from around R106 billion to more than R419 billion over the past decade, while electricity sales have fallen. Are you offering to fund it Mr Rothschild? Angling for more 'consulting' revenue? Where did the last bailout they advised on get us?
Source: ewnupdates - 🏆 30. / 53 Read more »

Low risk of load-shedding as Eskom gets loan to strengthen networkEskom announced on Thursday that it has obtained a R1.5bn credit facility to extend and strengthen its transmission networks between Northern Cape and Western Cape.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Low risk of load-shedding as Eskom gets loan to strengthen networkEskom announced on Thursday that it has obtained a R1.5bn credit facility to extend and strengthen its transmission networks between Northern Cape and Western Cape.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Petrol price set to drop again in January - AAPetrol is set for a R1.19 per litre drop‚ with diesel down a predicted R1.44 and illuminating paraffin lower by R1.32. Again Election campaign.. After elections we will see 🔥🔥🔥 Last sentence on this article is very much confusing, haike
Source: SowetanLIVE - 🏆 13. / 63 Read more »

New Year bringing ‘substantial’ drop in fuel price – AAPetrol is showing a reduction of around R1.00 a litre, with diesel down by R1.30 and illuminating paraffin dropping by R1.22.
Source: TheCitizen_News - 🏆 6. / 75 Read more »