South Africa News

Eskom receives multi-billion rand loan

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.

multi-billion rand loan

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