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Treasury confirms R27bn World Bank loan to fix infrastructure | SA News

South Africa has secured a US$1.5 billion (R27.2 billion) loan from the World Bank to support urgently needed structural reforms in the country’s infrastructure sectors, with a particular focus on energy and freight transport.

The National Treasury notes in a statement issued on Monday that the loan agreement is key to addressing the country’s long-standing economic constraints, including low growth and high unemployment.

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