JOHANNESBURG - Power utility Eskom said on Friday it had raised R5.2 billion through drawdowns against a portion of committed loans, R4 billion of which was received from China Development Bank , and the issuance of domestic bonds.
Analysts have said reforms, like cutting red tape and overhauling Eskom, should be post-election priorities for the ANC, after a decade of slow growth and rising joblessness. “We have to embark on the reforms, speed up,” he added. “We are going to ensure that the certainty that investors want to see is there.”
“We have to address the issue of Eskom’s debt, which is precisely what we are doing now with our Treasury, with our lenders, because is too big to fail,” Ramaphosa said.
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