Eskom secures BRICS loan, but South Africans have mixed feelings

Eskom secures BRICS loan, but South Africans have mixed feelings

Eskom managed to secure an R11 billion bailout from BRICS, but South Africans aren't sure if they want the power entity to receive any more funding. Numerous citizens took to social media to voice their concerns over giving the embattled entity money, especially if it required Eskom to pay it back.

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BRICS has come through for Eskom, announcing that R11 billion has been granted to help the embattled utility.

Briefly.co.za reported yesterday that the organisation had extended a helping hand in an attempt to help Eskom overcome the current nation-wide load-shedding it was looking down the barrel of.

South Africans had mixed feelings about it, with the majority feeling it would go into the pockets of corrupt officials, not to the struggling entity.

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READ ALSO: Eskom gets R11 billion loan to put an end to load-shedding trauma

Karabo Mochudi commented that BRICS should have left Eskom in its sorry state, clearly concerned that the funds would never achieve anything:

Source: Facebook

Bongani Nkohla humourously assessed the situation in South Africa at the moment, lamenting the damage done by 'Cyclone Eskom':

Eskom gets BRICS load, but South Africa has mixed feelings about it

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Sibusiso Hlatshwayo asked the question on everyone's minds, demanding to know how they would pay the funds back, especially if half goes missing:

Eskom gets BRICS load, but South Africa has mixed feelings about it

Pearl Khukhama was relieved that the BRICS alliance had finally proved worth the membership card:

Eskom gets BRICS load, but South Africa has mixed feelings about it

The fact that South Africans would rather allow Eskom to die a painful death instead of handing them a bailout is a telling sign of the times.

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Source: Briefly.co.za

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