Question NW533 to the Minister of Finance
04 July 2018 - NW533
Shivambu, Mr F to ask the Minister of Finance
(a) What total amount has the Public Investment Corporation lent to state-owned enterprises over the past 20 years and (b) what are the relevant details of (i) each loan that was granted, (ii) the amount of each loan, (iii) the name of the company to whom the loan was granted, (iv) the purpose of each loan and (v)(aa) the manner in which and (bb) the date by which each loan was paid back or will be paid back?
Reply:
As the question refers to amounts “lent” to state-owned enterprises, the reply to the question will deal only with Private Placements and not normal Bond transactions. The reply to the question is contained in Annexure A to this response.
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Annexure A to PQ533 |
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PRIVATE PLACEMENTS |
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PIC |
MANNER |
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COMPANY |
BOND CODE |
DATE GRANTED |
AMOUNT |
COUPON |
CLIENT |
PURPOSE |
MATURITY DATE |
REPAID |
COMMENTS |
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DBSA |
DV13 |
25/08/2008 |
R1,8Bln |
10,06% |
GEPF |
Infra structure spending |
25/08/2013 |
Bullet |
Repaid |
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SAA |
SAAL01 |
15/03/2008 |
R800m |
11,77% |
GEPF |
Working Capital |
15/09/2015 |
Bullet |
Repaid prior to maturity date, on 15/05/2009 |
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Transnet |
T018 |
06/07/2004 |
R6Bln |
10,75% |
GEPF |
Capped losses Oil price import hedges |
15/07/2018 |
Bullet |
Repaid prior to maturity date, by converting to normal listed bonds |
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ESKOM |
ECN20 |
14/09/2015 |
R5Bln |
9,65% |
GEPF |
Working Capital |
14/03/2020 |
Bullet |
Still in place, coupons repaid as agreed |
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ESKOM |
ECN22 |
14/09/2015 |
R5Bln |
9,75% |
GEPF |
Working Capital |
14/03/2022 |
Bullet |
Still in place, coupons repaid as agreed |
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ESKOM |
ECN24 |
14/09/2015 |
R5Bln |
9,95% |
GEPF |
Working Capital |
14/03/2024 |
Bullet |
Still in place, coupons repaid as agreed |
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ESKOM |
ECN32(CPI Link) |
14/09/2015 |
R5Bln |
2,95% |
GEPF |
Working Capital |
14/03/2032 |
Bullet |
Still in place, coupons repaid as agreed |
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