South Africa secures R26 billion World Bank loan!

The World Bank has approved a $1.5 billion (R26 billion) loan to support structural reforms aimed at boosting South Africa’s infrastructure.

South Africa has vowed to modernize state-owned enterprises and open key sectors to competition to boost its economy.

The bank said its program will enhance energy security, increase port and rail volumes and support the shift to a low-carbon economy.

Source: BUSINESSTECH