South Africa secures first-ever $150m OPEC fund loan
Zuko Komisa Image | GCIS The National Treasury has secured its first-ever loan from the OPEC Fund for International Development, totalling US$150 million. The capital is earmarked for structural reforms to fix decaying infrastructure within the energy and freight transport sectors. With national debt projected to reach R6.12 trillion by 2025/26, the deal offers a cost-effective alternative to conventional market borrowing. The South African government has formalised its debut loan […]