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5 important things happening in South Africa today

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The terms of the two €300m loans provided by public development banks in Germany and France to support SA’s energy transition revealed; New Eskom director faces scrutiny after PPC releases controversial report; the government says the industrial action yesterday caused “minimal” disruptions to the flow of public services; and suspended public protector Busisiwe Mkhwebane’s legal fees cost taxpayers millions.

The terms of the two €300m loans provided by public development banks in Germany and France to support SA’s transition, each have a maturity of 20 years, including a five-year grace period. The AFD loan will have to be paid back at an interest rate of 3.6% and 3.0%. These loans form part of an international funding package of $8.5 billion.

The union said it plans on continuing with lunchtime pickets on Friday but would consider its options beyond that. The PSA is still contesting the government’s unilateral wage increase of 3%, which the government is set to start paying next week.

 

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