‘What are the terms of China’s loan to Eskom?’ Vavi asks Ramaphosa

‘What are the terms of China’s loan to Eskom?’ Vavi asks Ramaphosa

- SAFTU leader Zwelinzima Vavi seems spooked by China's loan to Eskom

- He cited the case of Sri Lanka, which has reportedly given up control of its harbour to China

- He asked what the terms of the loan are, apparently worried that Eskom could be handed over to China as well

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Zwelinzima Vavi, the General Secretary of the South African Federation of Trade Unions (SAFTU), seems spooked by China's recent loan to Eskom.

Writing on Twitter, Vavi cited the case of Sri Lanka, which received a loan from China to revamp its Hambantota port.

According to Reuters, the Sri Lanka government found it difficult to service the debt. It therefore gave a Chinese company a 70 percent stake of the port as part of a 99-year lease agreement.

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Vavi alleged that China could even use the port as a military base. He was therefore concerned that Eskom could similarly be handed over to China should it fail to repay the loan.

He accompanied his tweet with a cartoon to emphasise his point, Briefly.co.za learned. It showed China's president, Xi Jinping, holding South Africa's president, Cyril Ramaphosa, on a leash.

The veteran trade unionist then asked, "What are the terms of this loan to Eskom?"

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Vavi's tweet sparked plenty of debate among his followers. Many agreed with him that the terms of the loan should be made public.

However, others argued that South Africa has nothing to worry about as long as it honours the terms of the loan.

Some even accused Vavi of having nothing positive to say about the government's efforts.

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Source: Briefly.co.za

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