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FILE: Picture: EWN.

China development bank

Eskom raises R5.2bln through loan drawdowns

By Reuters

The 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.

  • Picture: EWN.

    SA govt says Chinese loan to Eskom not in jeopardy

    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.

    1198 days ago
  • FILE: Picture: EWN.

    DA’s Alf Lees says Eskom is on the brink of collapse

    The DA MP says Eskom’s money problems are worsening each day and the government's turnaround strategy for the power utility is not working.

    1210 days ago
  • FILE: Eskom's Megawatt Park offices in Sunninghill. Picture: EWN

    NUM: Ramaphosa didn't say Eskom won't be able to pay salaries next month

    'City Press' on Sunday quoted anonymous sources in the union as saying that the cash-strapped power utility was battling to find money to pay staff amid a massive energy shortage.

    1236 days ago
  • FILE: Eskom CEO Phakamani Hadebe briefs the media on the power utility's financial standings. Picture: Kayleen Morgan/EWN

    Eskom secures R33.4bn loan from China’s Development Bank

    The loan agreement was signed on Tuesday after high-level talks led by President Cyril Ramaphosa and his Chinese counterpart Xi Jinping.

    1480 days ago
  • Picture: EWN.

    Eskom: New loan agreement with China shows investor confidence

    The R19.6 billion loan will help finance the Medupi coal power plant and ensure the security of energy supply.

    1863 days ago
  • Picture: EWN

    Eskom: We'll be able to repay R19.6bn China bank loan

    The power utility has signed a R19.6 billion loan agreement with the China Development Bank to help finance the Medupi coal power plant.

    1863 days ago
  • FILE. A teller counts yuan banknotes in a bank in Lianyungang, east China’s Jiangsu province. Picture: AFP.

    China steps up crackdown on underground banks

    Underground banking presents an increasingly complex threat to China’s financial security.

    2313 days ago
  • Asian shares came under pressure on Thursday after a disappointing survey on Chinese manufacturers. Picture: AFP.

    Asia shares sour on China, US dollar in demand

    Asian shares came under pressure on Thursday after a disappointing survey on Chinese manufacturers.

    2913 days ago
  • Chen Guangchen. AFP

    Blind Chinese activist arrives in NY

    Blind Chinese dissident Chen Guangcheng arrived in the United States on Saturday.

    3736 days ago
  • «
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