Komati’s R9bn World Bank loan gamble | Citypress

  • 📰 News24
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Eskom’s job is to generate power, but the utility was involved in politics – at huge cost – said Dawie Roodt, chief economist of the Efficient Group. | City_Press

Roodt was responding to Eskom’s recent announcement that it had taken a loan of R9 billion from the World Bank to decommission its Komati Power Plant and convert it to one that delivers renewable energy.

Komati had reached the end of its lifespan and the last unit was closed on October 31.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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

Follow BFBT_ for news on spying and terrorism. We tweet daily. PeopleWatching

Today I'm proud because I've gained more then I've lost in trading that's why I'll forever be thankful to Thomas__Lawson

and please investigate the Chancellor house /hit a hon Africa deal with Eskom during the time of mbeli presidency. Corruption in and with the ANC started long before Zuma became president.

City_Press Absolutely shocking 😳

City_Press Give us a follow for news on spying & terrorism. We tweet daily. BFBT_ PeopleWatching

City_Press Has democracy failed SA or is it the ANC that has failed SA?

City_Press From stage 4 to zero load shedding... proves if you want you can stop all these shenanigans.... Reason loadshedding has been suspended is because of the FIFAWorldCup & not because things are better... Eskom_SA u can easily solve this permanently if you want! But greed & evil!!!

City_Press Wasteful expenditure

City_Press The IMF-WORLD Bank are internationally legalised constitutional master corrupters under whose spell borrowing countries never escape their stranglehold with their threats of military take-over in non-complaint administrations!

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 LOANS

Loans Loans Latest News, Loans Loans Headlines