SA loan deal with France, Germany for clean energy hailed as major step forward

JOHANNESBURG - A loan agreement involving South Africa and lenders France and Germany for cleaner energy is being seen as a major step forward, with promises to share knowledge as well.

South Africa has signed the loan agreements with the two countries amounting to 600 million euros to support South Africa's move away from its reliance on coal.This is in addition to an 8.5 billion dollar partnership with South Africa - involving the US, Britain, France, Germany and the European Union - announced last year.

In response, Treasury has welcomed the new initiative and funding, saying this was considering the scale of the required transition to new energy.

How the fu*k is a load a step forward, let alone *major*

'a step forward' for who specific?

Who is going to pay it back though?

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