ARTICLES RELATING TO CHINA DEVELOPMENT BANK

Eskom’s China loan facility not in jeopardy – Public Enterprises

2019-05-03 09:19

The Department of Public Enterprises says that power utility Eskom’s multi-billion rand loan facility with the China Development Bank is not in jeopardy, despite concerns sparked by a delay in the release of a R7bn tranche of funds last month.

'Eskom is now limping' – DA on Eskom’s cash scramble

2019-04-20 10:48

Democratic Alliance Member of Parliament Alf Lees said on Friday that the emergency provision of R17.6bn to Eskom in terms of section 16 of the Public Finance Management Act was a clear indication of Eskom's dire financial situation.

'Eskom operating much closer to the edge than realised'

2019-04-19 14:00

Less than a week after Eskom's CEO declared “the days of surprises are over,” documents show the government was forced to pay R5bn in emergency funds so the state-based utility could meet obligations.

FACT CHECKED: Load shedding - not enough coal or all part of a loan deal?

2018-12-13 13:02

Amid rumours circulating on social media about the cause of load shedding, Fin24 weighs up the facts to get to the bottom of the electricity crisis.

MPs grill Treasury over Eskom China loan 'secrets'

2018-10-16 20:02

Finance Minister Tito Mboweni told Parliament that China was a close friend of SA's and that the loan from the China Development Bank would be handled responsibly.

Make terms of Chinese loans to Eskom and Transnet public - Mills Soko

2018-07-28 08:00

Two Chinese banks concluded separate loans worth a combined R37bn with Eskom and Transet this week, but the interest charge on the debt has not been disclosed.

Eskom inks R33.4bn loan deal with China Development Bank

2018-07-24 14:50

The power utility's $2.5bn government-backed loan with the China Development Bank will be used for the construction of Kusile power station.

 

Mboweni admits Ramos among those considered to head Eskom unbundling

2019-04-22 12:28

Although Finance Minister Tito Mboweni denies that Maria Ramos has been appointed to lead the process of unbundling Eskom, he admitted to the SABC that she is among those being considered for the position.

Government confident Eskom's China funds will come through by month-end

2019-04-19 18:02

The Department of Public Enterprises says it is confident that Eskom will receive the necessary funds from the China Development Bank (CDB) by month's end.

Don't panic over Eskom's Chinese loans, says Zambian economist

2019-02-04 20:32

Zambian economist Lubinda Haabazoka has denied that Zambia would have to surrender its power utility Zesco to China, calling such claims a symptom of a fresh "global trade war between the east and the west".

Ramaphosa lifts veil on some Eskom-China loan details

2018-10-30 11:24

President Cyril Ramaphosa says there are no specific conditions on the R33bn loan to Eskom, extended by the China Development Bank (CDB).

Loans from China are no Faustian bargain, says President Cyril Ramaphosa

2018-08-23 07:58

President Cyril Ramaphosa said in its dealings with SA, China had not displayed any “imperialist tendencies” and that SA could see an imperialist coming from far away.

Fixes to ‘elephant’ Eskom span China loan to debt swap

2018-07-25 06:55

The cash-strapped power utility has secured a $2.5bn long-term loan facility from China Development Bank, giving a big boost to its fundraising efforts this year.

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