
Government has secured a US$925 million loan from the World Bank as part of a broader US$3 billion (R55 billion) initiative aimed at helping metropolitan municipalities improve service delivery and upgrade ageing infrastructure.
The program will benefit the metropolitan municipalities (metros) of Buffalo City, Cape Town, Ekurhuleni, Johannesburg, Tshwane, eThekwini, Mangaung, and Nelson Mandela Bay.
Together, these municipalities are home to 22 million people and account for 85% of South Africa’s economic activity.
The World Bank’s Board of Executive Directors has approved the South Africa Metro Trading Services Program (MTSP), the first-ever Program-for-Results (PforR) operation…
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Austin Shamrock
Fun South African Fact: The world’s largest visible crater is in South Africa.
bat magenta
Fun South African Fact: An approximate of 20% of the world’s gold is mined in South Africa.