As we accept the reality that Eskom’s load-shedding is once more upon us, we should also shed a tear for President Cyril Ramaphosa’s noble plans to fix the SA economy, and for his investment envoys and job creation initiatives. Eskom’s decelerating profit levels and increasing inability to repay its almost R435bn debt or the compounding loan interests are worrisome.
Of greater concern is that the details of loan agreements signed between Eskom and the Export-Import Bank of China (Exim), with ample support from the China Development Bank, are shrouded in secrecy.
[nectar_btn size="jumbo" open_new_tab="true" button_style="regular" button_color_2="Accent-Color" icon_family="none" text="Read More" url="https://www.businesslive.co.za/bd/opinion/2019-03-13-unbundling-may-save-eskom-from-loans-and-load-shedding/"]