Ramaphosa to answer questions on China loans, land expropriation in Parliament
President Cyril Ramaphosa will have the opportunity to provide more details around a R33.4bn Chinese state-owned bank loan to power utility Eskom on Tuesday afternoon when he answers questions in the National Council of Provinces.
Eskom inked the $2.5bn loan – worth R33.4bn at the time – with the Chinese Development Bank in late July ahead of the 10th BRICS Summit in Johannesburg.
The loan, which has a repayment period of 15 years, will be used for the construction of Kusile power station. Transnet concluded a separate R4bn loan with the Industrial and Commercial Bank of China.
Read more article on News 24
Comments