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South Africa leaves R17 billion to gather dust | SA News

 ·3 Dec 2025

The UK may extend a $1 billion (R17 billion) debt guarantee to help South Africa with its transition to a greener economy as it nears expiry without having been used.

The guarantee was approved in late 2023 and is scheduled to expire at the end of the year, even as South Africa negotiates with the African Development Bank over a $400 million (R6.8 billion) loan for municipal energy and water services, to be guaranteed under that arrangement.

“We are currently in discussions with partners to explore options to maintain our commitment to South…

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  2. Fun South African Fact: South Africa is now the only country in the world to have hosted the Soccer, Cricket and Rugby World Cup!