Eskom raises R5.2bn through loan drawdowns

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Eskom raises R5.2bn through loan drawdowns
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Eskom said it had raised R5.2-billion through drawdowns against a portion of committed loans.

Eskom said it had secured 52 percent of its plan to borrow R46-billion during the 2019/20 financial year.The finance ministry said last month that the drawdown had been delayed, meaning a planned bailout had to be brought forward.President Cyril Ramaphosa has

in his new five-year term with government having pledged a R23-billion a year bailout for Eskom over the next three years.

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