Eskom receives multi-billion rand loan

File: The power utility confirmed through a statement that it and the Special Investigating Unit have issued a summons at the North Gauteng High Court to recoup the money.

File: The power utility confirmed through a statement that it and the Special Investigating Unit have issued a summons at the North Gauteng High Court to recoup the money.

 
eNCA

JOHANNESBURG - Eskom has received a R15-billion loan facility from a consortium of local and international banks.

The government guaranteed facility will form part of the financing of Eskom's current capital expenditure program.

READ: NUM vows to strike at Eskom

Eskom says it has met 95 percent of its R72-billion funding requirement for the 2018-2019 financial year.

The remaining 5% will be raised through various funding sources including domestic debt capital markets.

Source
eNCA