NATIONAL NEWS - Eskom has rubbished weekend news reports that a World Bank loan may be recalled.
Despite a recent board overhaul, the embattled power utility was downgraded by rating’s agency Moody’s late Friday.
It faces further downgrades if it’s not able to service a number of loans, one of which is a payment to the African Development Bank due at the end of this month.
According to it’s latest financial statement, Eskom owes the African Development Bank an estimated R2.2 billion.
But will it make a repayment due at the end of the month?
The utility’s Khulu Phasiwe seems to think so, saying that the utility has been meeting with several banks.
Eskom denies recall of World Bank loan
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Posted on: 08:05 Mon, 29 January 2018
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