China will loan South Africa's struggling power utility $500 million as part of deals agreed on Wednesday between the two countries worth 94 billion rand ($6.5 billion), the South African government said.
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China to loan power firm Eskom $500M
China will also help to build a car manufacturing plant on South Africa's coast which should begin exporting vehicles to other African countries by the end of 2017.
Electricity pylons in Johannesburg's Alexandra township stand against the skyline of the city's Sandton business district in this file photo. REUTERS/Mike Hutchings/Files
($1 = 14.39 rand)
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