The African Development Bank (AfDB) has granted SA a R5bn loan, to support its fight against the Covid-19 pandemic, it announced in a statement late on Wednesday.

The loan is the second to be approved by an international finance institution, with the New Development Bank extending a $1bn (roughly R16.5bn) loan to SA in June. In his recent supplementary budget speech finance minister Tito Mboweni said SA hopes to raise $7bn from international finance institutions ..

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