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Eskom, Treasury seek renewal of $1bn loan facility

Eskom Holdings and South Africa’s National Treasury are in talks with banks to renew a R15-billion government-guaranteed loan facility that the indebted state power utility announced in February last year. While the lenders are reluctant to renew the facility given the parlous state of Eskom’s finances, the funding is needed to help keep the company afloat, two people familiar with the discussions said. It’s unclear if the whole facility has been used.

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