Brics bank open to financing South Africa’s state companies: report

[BusinessTech]

Brics bank open to financing South Africa’s state companies: report

The BRICS New Development Bank says it is open to funding South Africa's state entities after at least two privately owned financial institutions publicly announced last week, that they had stopped lending state owned enterprises.

 

[Nerfherder]

ie We are selling these companies off to the Ruskies and China

 

[Kosmik]

Aren't we one of the major lenders of money to the BRICS bank, so we would be loaning ourselves money and charging us interest?

 

[R13...]

ie We are selling these companies off to the Ruskies and China

How do you figure that? Eskom has in the past received funding from the World Bank, who were we selling Eskom to then?

 

[Garson007]

How do you figure that? Eskom has in the past received funding from the World Bank, who were we selling Eskom to then?

The west.

 

[Jakes147]

Aren't we one of the major lenders of money to the BRICS bank, so we would be loaning ourselves money and charging us interest?

I borrow money from myself and pay it back with interest over a set time.