South Africa
Finance Section
Submit newsAdvertiseSubscribe
NewsPress Office NewsCompaniesJobsEventsPeopleMultimediaFeaturesOpinion
AdvertiseSubmit news

Industries

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

Features

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

In the news

Chadwicks Risk & InsuranceCape ChamberEnquire 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

MADE POSSIBLE BY:

More #WomensMonth

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 secures $150m loan from Opec Fund

    South Africa has secured a $150m development policy loan from the Opec Fund for International Development to support reforms aimed at easing infrastructure bottlenecks, its National Treasury said on Wednesday, 13 May 2026.
    13 May 2026
    Source: Pexels.
    Source: Pexels.

    • The Treasury in a statement said that the loan agreement was the first between South Africa's government and the Opec Fund.

    • "The loan will support government's ongoing reform programme aimed at unlocking infrastructure bottlenecks, particularly in the energy and freight transport sectors," the statement said.

    • It aligns with the Treasury's financing strategy, which seeks to diversify funding sources and minimise increases in debt-service costs.

    • The Treasury said the financing has a six-year maturity with a two-year grace period and an interest rate of six-month Secured Overnight Financing Rate plus 1.25%.

    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
    Top stories
    More news
    Let's do Biz