DA ready to approach courts for details about R33m Eskom loan

The Democratic Alliance (DA) will approach the courts if necessary to ensure that the government is transparent with the public about the terms and conditions of loans Eskom received from China.

DA leader Mmusi Maimane said 30 days had passed since he had submitted a request to Eskom in terms of the Promotion of Access to Information Act (Paia) to obtain the full terms and conditions of the R33bn loan agreement the power utility recently signed with the China Development Bank (CDB).

Maimane has asked for information to include the interest rates agreed to‚ repayment terms‚ guarantees‚ default terms‚ total amount payable‚ loan amount‚ total interest charged and annual percentage rate.

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