Tito Mboweni less hopeful of getting World Bank loan

Finance minister Tito Mboweni says that the probability of securing a loan from the World Bank has declined as "conversations" with the international finance institution have not yet yielded a conclusion.

Mboweni had previously said that SA would apply for a $50m (R817m) Covid-related loan from the bank to help fund the fight against the pandemic. This has not been received and discussions with the World Bank have turned to a bigger loan of $2bn, which is not Covid-related...