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Electricity minister’s R25-billion lie | SA News


Days after South Africa’s electricity minister questioned the benefits of a $10 billion (R164 billion) climate-finance pact between the country and some of the world’s richest nations, Germany lauded its success. 

A fact sheet distributed at a press conference hosted by Germany’s embassy in South Africa on Friday listed some of the below-market interest rates charged on almost €2.4 billion (R45.8 billion) in loans pledged to South Africa.

The event was staged during a visit by Rainer Baake, Germany’s envoy for the…

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