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World Bank grants South Africa a $1.5B loan for infrastructure upgrade and green energy transition
- On Monday, South Africa’s government secured a $1.5 billion loan from the World Bank aimed at upgrading critical infrastructure and advancing the country’s shift toward a low-carbon economy.
- The loan aims to address persistent structural economic challenges including slow growth, high unemployment, and infrastructure bottlenecks in energy and freight transport.
- The financing features a 16-year maturity with a three-year grace period and interest rate at SOFR plus 1.49%, aligning with National Treasury's strategy to limit rising debt service costs.
- National Treasury indicated that this funding supports the government’s wider initiatives to carry out reforms aimed at enhancing institutions, attracting private sector investment, and elevating the quality of public services.
- The loan initiates reforms expected to enhance power reliability, freight efficiency, and climate resilience, marking a key step toward inclusive growth and economic recovery in South Africa.
36 Articles
36 Articles
South Africa secures $1.5B infrastructure loan
The World Bank has granted a $1.5 billion loan to South Africa to upgrade transportation infrastructure and help it transition to a low-carbon economy. Pretoria plans to use the loan to address longstanding challenges in its energy and freight logistics sectors. State-run ports and rail company Transnet has struggled with inadequate operational facilities in recent years, stymying growth in Africa’s biggest economy.Transnet’s problems have been …
South Africa announced on 23 June 2025 that it had obtained a new $1.5 billion loan from the World Bank to boost its dungeon growth by investing in dilapidated transport and energy infrastructure.
South Africa’s export economy at risk as global carbon rules tighten – The Mail & Guardian
South Africa’s carbon-intensive export model faces rising risks in a global economy that is increasingly shaped by climate policy, clean energy industrial strategies and cross-border carbon pricing. This is according to a new report released by Net Zero Tracker, which noted that, as countries ratchet up decarbonisation to meet their Paris Agreement climate commitments, the clean energy transition is redrawing the global trade map. “South Africa…
World Bank grants South Africa $1.5B for infrastructure, green energy
South African President Cyril Ramaphosa and his coalition government have pledged to tackle corruption and decades of poor management, as well as pursue reforms to help the country emerge from its economic rut and alleviate its extremely high unemployment rate.
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