Eskom’s Brics bank loan on ice until 2018

The fact that the only loan made to a South African institution so far is on ice is something of a sensitive subject for the organisation, particularly since there has been substantial demand — particularly from India and China — for the bank’s financing since its inception two years ago. The R2.4bn loan made by the New Development Bank (NDB), also known as the Brics bank, to Eskom was “in abeyance”, bank president KV Kamath said in an interview on Wednesday. –BusinessDay/

Share This Articles