JOHANNESBURG - As Eskom battles capacity issues, the New Development Bank says that it has loaned the embattled power utility billions to build its transmission lines.
The parastatal's ailing infrastructure has set the scene for the country’s worst controlled power outages, with stage 4 load shedding going on its sixth consecutive day.With Eskom given a lifeline by the Brics backed New Development Bank, it should go a long way to alleviating the power utility's financial burden.“There are three projects at different agencies.
Meanwhile, Johannesburg Mayor Herman Mashaba said Eskom's lack of planning means that the country is close to a national blackout.
But will the flow of money be tracked... Look how much flowed out to the Koko's, Gupta's, Molefe, Mabuza, Khoza, Maroga, Matjila, Matona, Zuma, ANC linked coal supplies/mines, procurement middle man etc... and connected zum
Will Eskom be able to pay for all this loans they are making, if not what will happen to Eskom SA problems are far from finishing.
Loan? 😂😂😂🙆🏻♀️
Wow 😂