Eskom raises R5.2bn through loan drawdowns

📆 5/18/2019 10:32 AM
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Eskom said it had raised R5.2-billion through drawdowns against a portion of committed loans.

Eskom said it had secured 52 percent of its plan to borrow R46-billion during the 2019/20 financial year.The finance ministry said last month that the drawdown had been delayed, meaning a planned bailout had to be brought forward.President Cyril Ramaphosa has

in his new five-year term with government having pledged a R23-billion a year bailout for Eskom over the next three years.

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How much more debt can such a Government create and still want moreover ,Yea bad fruits

In December the debts will be R8 billion

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Eskom raises R5.2bln through loan drawdownsThe struggling utility, which supplies more than 90% of the electricity in the country, said liquidity position stood at R7.7 billion on 30 April 2019.
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