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SA govt says Chinese loan to Eskom not in jeopardy

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The South African government and Eskom are working to ensure the transfer of funds from CDB to Eskom, the public enterprises ministry said in a statement.

JOHANNESBURG - South Africa’s public enterprises ministry on Thursday said that a China Development Bank loan to struggling state power company Eskom was not in jeopardy.

Eskom had expected to draw down R7 billion from a $2.5 billion CDB loan facility by late March, but South Africa’s finance ministry said in a report to Parliament last month that the drawdown had been delayed.

 

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