- The South African government has announced plans for a major infrastructure investment package totaling R1 trillion.
- South Africa's Minister outlined national energy plans, including R430-billion for grid upgrade and aiming to double energy capacity.
- South Africa is working with the World Bank Group and IBRD to deepen reforms in the energy and transport sectors.
South Africa secured a $1.5 billion loan from the World Bank to modernize infrastructure and fix state-owned power utilities.
1 report, 1 independent
Updated Jul 20
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What happened
South Africa secured a $1.5 billion loan from the World Bank to modernize infrastructure and fix state-owned power utilities.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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South Africa
country in southern Africa
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World Bank
international financial institution
Related events
- Cyril Ramaphosa discussed the ongoing infrastructure challenges facing South Africa.
- The South African government is seeking to restore confidence in the country's infrastructure sector.
- In 2015, the President announced a major infrastructure investment drive aimed at economic growth in South Africa.
- The World Bank, through the GARID Programme, is financing major infrastructure projects aimed at mitigating flood risks.
- The World Bank is financing infrastructure projects to address rising water levels and resource management challenges on the Mekong River.