DEVELOPMENT FUNDING
Treasury raises billions in low-interest loans from international institutions
Low-interest terms are much better than market rates
23 June 2025 - 11:14
UPDATED 23 June 2025 - 23:27
The government is in talks with the French Development Bank (AFD) on a €300m concessional loan, as well as a further loan from the New Development (Brics) Bank, to add to the $1.5bn (R27bn) development policy loan it recently signed with the World Bank.
The loans could raise as much as $2bn-$3bn of the almost R130bn ($7.2bn) in foreign borrowing which the Treasury has pencilled into the budget, to help finance the government’s borrowing requirement over the next three years, with the rest raised on the market...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.