JUST IN: Eskom secures R15bn loan

Source: Loan Digest (loandigest.net)

Then no tariffs increase please

Dont understand why bosasa the rich company who obviously have a kak load of money cant just give the whole country billions why must loans be made from other countries putting our country in so much debt

Eskom vs Bosasa the showdown

That money will probably last until bonuses are paid to management.

That money will all go to pay bonuses to the board

A big chunk of the loan will be stolen as usual through irregular tenders. Then taxpayers will have to come to the party as usual to foot the bill. When is this going to end?

5 Billion is for Mrs Mantashe’s Catering service🙆‍♂️

Clearly some people have too much money to support a dead horse.

How much are the anc going to steal.

This us all bullshit. No loan. Taxpayer monies Ramaposa gave them. Wake up ppl. This is all bluff. ANC Gov is giving them money and we all suffer. But hey come May we all vote for them again. So we are to blame for our suffering. No one else but we.

Huh

And how are they going to repay it? Increased tariffs!!

I've got this pessimistic mindset when I read this type of news...:..'just to be looted over the next 12 months'.

I screenshot this. I'll give that money 6 months. Watch the space. Paying customers will suffer when this loan needs to be paid back (tariff increase) SMH

......soon it will be gone. watch the space.

You simply must ask what the terms of these loans are to make them not “reckless”

From who

If this is true... please can the funds be handled by an independent non government influenced agency

Did Ramaphosa not secure a R2bil investment from the Chinese last year, specifically to clear Escom Debts

There goes my Kids' future. And their kids'... EskomSUCKS

Lemme save this tweet so I'll be able to use it against them in the next few months when they want to increase electricity.

How lucky...nice to know that there are still good Samaritans out there...in the mist of tough situations...the power of God is still present...lets have more & hats off to the lenders

To be squandered within a month or two and the customer will foot the bill.

loan neh I hear so every year loan loan loan this Peep's I smell rats and stuff everyone everything everywhere who cares we waited for this freedom and freeGoodie's for long long time.

Just 2 billion short of settling Soweto outstanding bill.

I wonder what is the worth of a Eskom powerplant...CAN WE AT LEAST AUCTION ONE OF THEM ON AN INTERNATIONAL PLATFORM? I Wana see something...Let start at R15Bn, going once, twice...I SEE A R20BN, oh R30bn, we have a R50bn from Russia, R70bn from China, where's USA, R100bn from UAE

When Eskom secures such a loan the implication is that consumers will be the hardest hit as the elecricity utility tries to recover the money.Bad news for consumers

Eskom loves loans which they won't be able to repay.

How will they repay all these loans, when they are busy mismanaging the funds...

This Eskom is a cancer.

From who ? And with what conditions

More debt. Smart

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