South Africa, France and Germany have signed loan agreements for the two European nations to each extend €300 million – about R10 billion in total – in concessional financing to South Africa to support the country’s just energy transition.

The loans will be provided by the French and German public development banks, Agence Française de Développement (AFD) and Kreditanstalt für Wiederaufbau (KFW), directly to the National Treasury.

“The loans are highly concessional as their terms are substantially more generous than what the government of South Africa would be able to raise in capital markets,” said Treasury. Click here to read full article