#Latest news with #R26.6bnIOL News3 days agoBusinessIOL NewsSouth Africa wins $1. 5 billion World Bank infrastructure loanThe World Bank has approved a $1.5 billion (R26.6bn) loan to support structural reforms aimed at boosting South Africa's infrastructure. The Washington-based lender said in a statement the operation will address the nation's challenges of low growth and high unemployment by easing constraints in its energy and freight transport sectors. South Africa has vowed to modernise state-owned enterprises and open key sectors to competition to boost its moribund economy. The bank said its program will help by improving energy security, increasing freight transport efficiency and supporting the shift to a low-carbon economy.
IOL News3 days agoBusinessIOL NewsSouth Africa wins $1. 5 billion World Bank infrastructure loanThe World Bank has approved a $1.5 billion (R26.6bn) loan to support structural reforms aimed at boosting South Africa's infrastructure. The Washington-based lender said in a statement the operation will address the nation's challenges of low growth and high unemployment by easing constraints in its energy and freight transport sectors. South Africa has vowed to modernise state-owned enterprises and open key sectors to competition to boost its moribund economy. The bank said its program will help by improving energy security, increasing freight transport efficiency and supporting the shift to a low-carbon economy.
3 days ago
