South Africa
Finance Section
Submit newsAdvertiseSubscribe
NewsPress Office NewsCompaniesJobsEventsPeopleMultimediaFeaturesOpinion
AdvertiseSubmit news

Industries

All industriesAgricultureAutomotiveConstruction & EngineeringEducationEnergy & MiningEntrepreneurshipESG & SustainabilityFinanceHealthcareHR & ManagementICTLegalLifestyleLogistics & TransportManufacturingMarketing & MediaPropertyRetailTourism & Travel

Features

BizTrendsIAB Bookmarks AwardsWomen's MonthCannes LionsPendoringEffie AwardsBizTrendsTVWorld PR DayIMC ConferenceOrchids and OnionsThe Lead CreativeLoeries Creative WeekMore Sections..

In the news

Simply Financial ServicesTimes 3 TechnologiesHyphenJNPRChadwicks Risk & InsuranceDebt Solutions 4 UEnquire about a company Biz Press Office
Agriculture
Automotive
Construction & Engineering
Education
Energy & Mining
Entrepreneurship
ESG & Sustainability
Finance
Healthcare
HR & Management
ICT
Legal
Lifestyle
Logistics & Transport
Manufacturing
Marketing & Media
Property
Retail
Tourism & Travel

News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

Submit content

My Account

Advertise with us

#Bookmarks2026

Trending

2 days 7 days 30 days By Industry

Subscribe & Follow

Advertise your job vacancies
    Post your Job Ad here >>
    Search jobs

    Jobs

    More jobsSubmit a jobOpen account

    South Africa gets $1.5bn World Bank loan for infrastructure

    South Africa has secured a $1.5bn World Bank loan to support reforms aimed at easing infrastructure bottlenecks, boosting economic growth and creating jobs, its National Treasury said on Tuesday, 21 July 2026.
    By Anathi Madubela
    21 Jul 2026
    Source: Reuters.
    Source: Reuters.

    • The Development Policy Loan will be spent on the water and sanitation, freight transport and electricity sectors, the Treasury said in a statement.

    • The loan offers a favourable interest rate and flexible repayment terms, contributing to minimising the rise in debt service costs, the Treasury added.

    • It said the loan has a 15-year maturity, including a three-year grace period, and carries an interest rate of six-month SOFR (Secured Overnight Financing Rate) plus 1.35%.

    • Together with financing from other multilateral lenders, the loan has enabled the South African government to meet its 2026/27 foreign-currency borrowing requirement of $3.2bn.

    • The World Bank said the financing was the fourth in a series of stand-alone Development Policy Loans to South Africa since 2022.

    • It is the first that aims to support improvements in water and sanitation.

    Read more: World Bank, Anathi Madubela
    Share this article

    Source: Reuters

    Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

    Go to: https://www.reuters.com/
    TopicsNext
    Related
    Top stories
    More news
    Let's do Biz