Home / Tag Archives: loan

Tag Archives: loan

ESKOM SCORES $2.5BN LOAN FROM CHINA DEVELOPMENT BANK

Troubled state-owned power utility Eskom scored big today, signing a $2.5 billion (about R33 billion) term facility agreement with the China Development Bank, in a bid to plug the holes in its balance sheet. Eskom chief executive Phakamani Hadebe said the $2.5 billion loan agreement was “strategic” for the power …

Read More »

Transnet loan will fund expansion plan

TRANSNET LOAN WILL FUND EXPANSION PLAN

Freight and logistics giant Transnet yesterday signed a R30 billion loan agreement with the China Development Bank (CDB) to fund its long-term programme aimed at renewing its ageing locomotives. The company said it would be drawing the first tranche of R18bn through a grace period that would be perched on …

Read More »