Registered users can save articles to their personal articles list. Login here or sign up here
In this story
 
  1 COMMENT

  I hope Zim Power Co can pay you back Standard Bank. Given the current cash crisis I wouldn't bet on it. Also, doesn't Zim owe Eskom millions of Rand for electricity already that it is unable to pay? A...  

 Registered users can save articles to their personal articles list. Login here or sign up here

Standard Bank says arranges $120m debt package for Zimbabwe Power Company

Company has been grappling with power and liquidity shortages.

JOHANNESBURG – South Africa’s Standard Bank said on Monday it had finalised a $120 million debt package with the Zimbabwe Power Company (ZPC), which has been grappling with power and liquidity shortages. 

The funds will be used for the rehabilitation of existing power infrastructure at Kariba South Hydro Power Station and Hwange Thermal Power Station, Standard Bank, which was the lead arranger, said in a statement. 

More stories from Moneyweb
Laurie Wiid

Laurie Wiid

NFB Private Wealth Management
Moneyweb Click an Advisor
   One comment so far

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up here

I hope Zim Power Co can pay you back Standard Bank. Given the current cash crisis I wouldn’t bet on it. Also, doesn’t Zim owe Eskom millions of Rand for electricity already that it is unable to pay? Ah well, let’s hope it is used productively. Poor Zimbos living in that hell hole.

Latest Currencies

ZAR / USD
ZAR / GBP
ZAR / Euro

SEARCH CLICK A COMPANY
Enter company name or share code:

MONEYWEB NEWSLETTERS

Subscribe to our mailing list

* indicates required
Moneyweb newsletters

Podcasts

Moneyweb Investor Issue 24

The relative strength of the rand has seen South Africans relax since the cabinet reshuffle and sovereign downgrades by S&P and Fitch. Don't be deceived - this is a self-inflicted wound. In the May issue of The Moneyweb Investor, we take a closer look to see which companies are likely to thrive and which will not, in the post-downgrade world.
server: 172.16.0.15