COP27 FINANCE DAY: SA secures R10.7-billion loan from European nations for focus on cleaner energy sources

by Ethan van Diemen, Daily MaverickSA secures R10.7-billion loan from European nations for focus on cleaner energy sources by Ethan van Diemen, Daily Maverick November 9, 2022 Wednesday 9 November is Finance Day at the 27th Conference of the Parties being held in Sharm El-Sheikh, Egypt. South Africa marked the day with the news that they, along with France and Germany, have signed loan agreements for the European countries to extend €300-million each in concessional financing.

This article first appeared on Daily Maverick and is republished here under a Creative Commons license.

If France & Germany are lending money to South Africa they’d better make sure it’s spent wisely, not going the way of tenderpreneurs who have connections to the already wealthy people in government.

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